445 West Dr - Warehouse FOR SALE


West Melbourne, FL 32904
$3,750,000 USD
678-858-0793
445 West Dr, West Melbourne, FL for Sale
$3,750,000 USD
Warehouse - FOR SALE
1/33
null | 4.96% Cap Rate

445 West Dr
West Melbourne, FL 32904


HIGHLIGHTS

  • 100% leased flex/industrial investment - Modified NNN through April 12, 2031
  • 13,500 SF on 1.50 acres - one story, 18 ft clear, four suites, built 2000
  • Base rent $16,077/mo with CPI-U or 3% annual increases; $186,000 NOI, ~5.0% cap; offered by owner

OVERVIEW

Investment sale. 13,500 SF flex/warehouse at 445 West Drive, Melbourne, FL 32904 (Industrial Plaza). One-story, 18-foot clear, built 2000, 1.50 acres, four suites on a single parcel. Leased 100% to Koala Insulation Franchisor, LLC (HQ occupancy). Current term April 13, 2026 through April 12, 2031. Base rent $16,077 per month with annual increases of the greater of CPI-U or 3%. Tenant is responsible for operating expenses, roof, and HVAC; landlord retains structure. Owner net approximately $15,500 per month ($186,000 NOI). Asking $3,750,000 (~$278/SF, ~5.0% cap on $186k NOI). Listed by the owner, 445 WEST LLC.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$278 USD /SF

CAP RATE

4.96%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.5

LAND SF

65,340

ZONING

M1

APN/PARCEL ID

27-36-26-75-00000.0-000B.10

ASK ABOUT THIS PROPERTY

Scott MarrKGSM, LLCMore Info
678-858-0793

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Scott MarrKGSM, LLCMore Info
678-858-0793

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