1350 Lake Washington Rd - Specialty FOR SALE


Melbourne, FL 32935
$4,000,000 USD
321-693-1293
1350 Lake Washington Rd, Melbourne, FL for Sale
$4,000,000 USD
Specialty - FOR SALE
1/7
null | 7.42% Cap Rate

NEW


1350 Lake Washington Rd
Melbourne, FL 32935


HIGHLIGHTS

  • Well maintained metal building with concrete drives and parking spaces
  • The self storage business concern has historically been 95% to 97% occupied
  • Additional Income can be derived from a currently vacant 2,820 flex space. Desirable location ad zoning category.

OVERVIEW

Investment Opportunity! Own an established indoor, air-conditioned self storage business. The chain link fenced rental units vary in size from 15 sq. ft. to 132 sq. ft. The fenced rental units are 8' in height. The facility stays air conditioned as do all the contents in the units as opposed to a standard climate controlled indoor storage building. The southern portion of 1350 Lake Washington Road consisting of 2,820 (47' x 60') is currently flex space with office with two rest rooms and with mezzanine storage above plus a 16' height warehouse area with overhead door and personnel door access. Market rental including electric is estimated at $16.00 per sq. ft. annually. The balance of the 9,000 sf building has the self storage units and the insulated ceiling dropped in height to 10'. 1360 Lake Washington Road is 100' x 200' and is a 10' height building with insulated ceiling and walls. The site features concrete drives and parking areas. Security system includes cameras and 6' fenced perimeter. The double gate adjacent to the road prevents access after hours. There are 22 striped parking spaces and 10' x 12' dumpster area. Bollards protect the building walls from vehicle damage. The roofs were resurfaced in 2024 and 2025. Both have a 20 year warranty with the manufacturer GAF. The Security Cameras are with ADT/Everon with a DVD recording capability. ATP monitors the doors. The concrete parking lot was redone in 2018.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$138 USD /SF

CAP RATE

7.42%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Income Opportunity for Indoor Self Storage

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Self Storage

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

M-1 (Light Industrial)

APN/PARCEL ID

27-37-08-00-00760.0-0000.00

ASK ABOUT THIS PROPERTY

Daniel EvansEvans Butler Realty, Inc.More Info
321-693-1293

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Daniel EvansEvans Butler Realty, Inc.More Info
321-693-1293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.