4343 Fortune Pl - Light Distribution FOR SALE


West Melbourne, FL 32904
$1,400,000 USD
321-252-9090
4343 Fortune Pl, West Melbourne, FL for Sale
$1,400,000 USD
Light Distribution - FOR SALE
1/28
null | 8.41% Cap Rate

4343 Fortune Pl
West Melbourne, FL 32904


HIGHLIGHTS

  • 9000 SF Flex Office/R&D building.
  • Long term, high-tech engineering tenant
  • 100% HVAC, City Water/Sewer, Fiber, 3-phase power to building, currently wired for 120/240v 1175 Amps
  • Concrete block construction with steel roof joists
  • Wired security system
  • 10 year warranty remaining on roof

OVERVIEW

Well-maintained 9,000 square foot Flex Office/R&D building, ideally suited for engineering, technology, or light manufacturing uses. Currently 100% occupied by a national, high-tech engineering tenant who has been in place for 20 years. A renewal for an additional 5-year lease term is currently under negotiation, offering stable income and long-term tenancy. Constructed with concrete block and steel roof joists, this high-tech facility is fully climate-controlled and supported by robust infrastructure, including city water/sewer, fiber connectivity, and 3-phase power (currently wired for 120/240V, 1175 Amps via FPL). The building is also equipped with secure high speed communication links and a secure area for systems development, test, maintenance, and enhancement. The property is divided into three private units, each with its own front and rear entrances, dedicated electric meters, and separate HVAC systems. The units are partitioned into several private offices, conference rooms, restrooms, breakrooms, open workspaces, and storage areas. Each unit includes a front and rear pedestrian door and a rear overhead roll-up door. The east unit includes a dock door with loading well. Floor covering is carpet and tile. There are six restrooms each containing one toilet and one sink. Ceilings are suspended acoustic fiber tile. mezzanine storage area in the east portion of the building accessible via wood stairs. According to the mutual easement for access and parking, each property is afforded one space per every 300 square feet of building area which would equate to 30 spaces. Features include two grade-level roll-up doors and a 10’ x 10’ dock-height door with a sunken loading ramp (currently not in use), as well as 16' maximum ceiling height. This is a turn-key investment with strong in-place cash flow and excellent utility for a wide range of uses. 9000 SF Flex Office/R&D building. Long term, high-tech engineering tenant 100% HVAC, City Water/Sewer, Fiber, 3-phase power to building, currently wired for 120/240v 1175 Amps Concrete block construction with steel roof joists Wired security system 10 year warranty remaining on roof Three private units, each with its own front and rear entrance, electric meters, and HVAC systems. Secure high speed communication links and a secure area for systems development. 2 grade level roll-up doors, and one 10x10' dock door with sunken loading ramp (currently unused). 16' max ceiling height, drop ceilings throughout Currently occupied by single 20-year tenant. Negotiating renewal for another 5-year term. 30 parking spaces

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

8.41%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fortune Place

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

UTILITIES

-

CLEAR CEILING HT

10 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.39

LAND SF

60,548

ZONING

M1, West Melbourne

APN/PARCEL ID

27-36-35-25-00000.0-0013.01

ASK ABOUT THIS PROPERTY

James FlintSperry - Flint Brokers & AssociatesMore Info
321-252-9090

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James FlintSperry - Flint Brokers & AssociatesMore Info
321-252-9090

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