8,870 SF
0.25 acres
Built in 1955
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Property Documents
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Ray Turchi
Senior Managing Director Investments
[email protected]
Senior Managing Director Investments
[email protected]
(407) 557-3847 (office)
(321) 297-6576 (mobile)
David Vaughan
First Vice President Investments
[email protected]
First Vice President Investments
[email protected]
(407) 557-3829 (office)
(407) 718-2874 (mobile)
Investment Highlights
•Irreplaceable Bar/Restaurant Retail Center in the Heart of Downtown Cocoa Beach
•8,870 Rentable SF | 100% Occupied by 5 Established Tenants on Long-Term Leases
•Heavy Foot Traffic & Walking Distance to one of Florida’s Premier Beaches | Cocoa Beach Benefits From Over 2.5 Million Tourists Annually
•New Roof & Mechanical Equipment in 2023
•Over $1MM in Recent Tenant Improvements – See Agent for Details
•On A1A, Main Arterial Road in the Area – 10,500-53,000 AADT
•All Tenants Have Annual Rent Increases to Hedge Against Inflation
•Ability to Add an Additional 6,000 SF Second Story – Allowing Unobstructed Views to the Ocean (See Page 11)
•Seller-Financing Available to Qualified Buyers – See Agent for Details
•Florida is an Income Tax Free State
Key Metrics
Cap Rate Current Year:
6.00%
Price/ SF
$729.99
Listing Agents:
Ray Turchi
David Vaughan
Ray Turchi
(407) 557-3847
David Vaughan
(407) 557-3829