1450 Treeland Blvd SE - Warehouse FOR SALE


Palm Bay, FL 32909
$2,000,000 USD
407-557-3861
1450 Treeland Blvd SE, Palm Bay, FL for Sale
$2,000,000 USD
Warehouse - FOR SALE
1/4
null | 5.86% Cap Rate

1450 Treeland Blvd SE
Palm Bay, FL 32909


HIGHLIGHTS

  • • Corporate Lease with Oldcastle Infrastructure, Inc. - One of the Largest Building Products Brands in the U.S.
  • • Parent Company CRH is Publicly Traded | NYSE: CRH - Fortune Global 500 Company | $85.76B Market Cap
  • • Original 7-Yr NNN Lease | Minimal LL Responsibilities - 6 Years of Term Remaining | Two Renewal Options at FMRV
  • • Significant 4% Annual Rental Increases - Increases Continue During Options at Greater of 4% or CPI
  • • Mission Critical Stormwater Operations Facility - Training Center | Also Offers Service and Maintenance
  • • Leading Provider for North American Infrastructure Projects - Tenant Offers Engineered Building Products Solutions & Services

OVERVIEW

• Corporate Lease with Oldcastle Infrastructure, Inc. - One of the Largest Building Products Brands in the U.S. • Parent Company CRH is Publicly Traded | NYSE: CRH - Fortune Global 500 Company | $85.76B Market Cap • Original 7-Yr NNN Lease | Minimal LL Responsibilities - 6 Years of Term Remaining | Two Renewal Options at FMRV • Significant 4% Annual Rental Increases - Increases Continue During Options at Greater of 4% or CPI • Mission Critical Stormwater Operations Facility - Training Center | Also Offers Service and Maintenance • Leading Provider for North American Infrastructure Projects - Tenant Offers Engineered Building Products Solutions & Services • New Roof and Other Major Capital Expenditures in 2025 - Upgrades Include Sprinkler System, O/H Doors, Fence, Paint, Carpet • Florida’s Space Coast Home to Top Space/Aeronautics Companies - SpaceX, Blue Origin, Boeing, Lockheed Martin & L3 Harris • Melbourne, FL MSA | One of the Fastest Growing Areas in FL - 5 Mile Demos Increased 10%+ in the Last Few Years

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$146 USD /SF

CAP RATE

5.86%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oldcastle Infrastructure | A CRH Company

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

2

DRIVE INS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.81

LAND SF

78,844

ZONING

LI, Palm Bay

APN/PARCEL ID

29-37-09-MY-03042.0-0004.00

ASK ABOUT THIS PROPERTY

Rory ShelbyMarcus & MillichapMore Info
407-557-3861

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Rory ShelbyMarcus & MillichapMore Info
407-557-3861

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