2730 Kirby Cir NE - Warehouse FOR SALE


Palm Bay, FL 32905
$14,000,000 USD
407-557-3861
2730 Kirby Cir NE, Palm Bay, FL for Sale
$14,000,000 USD
Warehouse - FOR SALE
1/4
null | 5.62% Cap Rate

2730 Kirby Cir NE
Palm Bay, FL 32905


HIGHLIGHTS

  • • Corporate Lease with United Parcel Service, Inc - One of the World’s Largest Shipping Courier
  • • Publicly Traded Tenant (NYSE: UPS) | Fortune 500 Company - $88.7 Billion 2025 Revenue | Historically Ranked in the top 50
  • • New 5-Yr NNN Lease | Fair Market Value Renewal Option - 3% Annual Rental Increases | Minimal Landlord Responsibilities
  • • Below Market Rents with Near-Term Future Upside - Current Rents: $7.95/ft | CoStar Estimated Rents: $11.62/ft+
  • • Longstanding Tenant with 40+ Years Historical Occupancy - Established Market Prescence | Continued Lease Renewals
  • • Proximity to Major Transportation Corridors | I-95 & U.S. 1 - Enables Efficient Delivery Capabilities | 6 Miles to MLB Airport

OVERVIEW

• Corporate Lease with United Parcel Service, Inc - One of the World’s Largest Shipping Courier • Publicly Traded Tenant (NYSE: UPS) | Fortune 500 Company - $88.7 Billion 2025 Revenue | Historically Ranked in the top 50 • New 5-Yr NNN Lease | Fair Market Value Renewal Option - 3% Annual Rental Increases | Minimal Landlord Responsibilities • Below Market Rents with Near-Term Future Upside - Current Rents: $7.95/ft | CoStar Estimated Rents: $11.62/ft+ • Longstanding Tenant with 40+ Years Historical Occupancy - Established Market Prescence | Continued Lease Renewals • Proximity to Major Transportation Corridors | I-95 & U.S. 1 - Enables Efficient Delivery Capabilities | 6 Miles to MLB Airport • Highly Functional Site Configuration and Building Layout - Wraparound Truck Court, Ingress/Egress, Fuel Island, Drive-In Bays • 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 - Over 300,000 Residents with a 10-Mile Radius • Florida is an Income Tax Free State - Ideal Passive Investment for Out of Market Ownership

FOR SALE DETAILS

PRICE

$14,000,000 USD

PRICE/SF

$140 USD /SF

CAP RATE

5.62%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

United Parcel Service (NYSE:UPS) | Florida

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

25 Ft

DOCKS

6

DRIVE INS

10

PARKING SPACES

212

LAND DETAILS

LAND ACRES

6.01

LAND SF

261,796

ZONING

LI

APN/PARCEL ID

28-37-14-77-00004.0-0001.00

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.