1071 Port Malabar Blvd NE - Medical FOR SALE
Palm Bay, FL 32905 |
$2,338,242 USD
407-216-8248
1071 Port Malabar Blvd NE
Palm Bay, FL 32905
HIGHLIGHTS
- Established medical & professional tenancy with diverse healthcare users serving Palm Bay community
- Eight tenants across medical, therapy, insurance, and professional services providing diversified cash flow
- Healthcare practices benefit from repeat patient volume and proximity to Health First facilities
- Located along Port Malabar Boulevard with direct connectivity to I-95 and U.S. Route 1
- 5-mile trade area home to nearly 150,000 residents projected to grow 2.0% annually through 2029
- Full roof replacement in 2024 substantially reduces near-term capital risk for incoming buyer
FOR SALE DETAILS
PRICE
$2,338,242 USD
PRICE/SF
$126 USD /SF
CAP RATE
4.91%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Town Center
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
B
YEAR BUILT
1990
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.78 AC
LAND SF
77,537 SF
ZONING
CC
APN/PARCEL ID
28-37-27-50-0000M.0-0000.00
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407-216-8248
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407-216-8248
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