The subject property is a fractured medical office building (MOB) with an executive-style suite buildout. The building is classified as Class C, multi-tenant, and was built in 1966/2008 with a gross building area (GBA) of 25,238 SF, though the fractured portfolio being auctioned includes only 19,574 SF of net rentable area (NRA). The property is located in Titusville, FL and is currently 16% leased, with a weighted average lease term (WALT) of 0.50 years and scheduled rent of $48,588.
Located on Washington Avenue with 29,500 CPD, this site is located in a highly-sought after medical district located on Florida’s Space Coast. 500 N Washington sits within a mile from Eastern Florida State College campus which has a student/faculty population of 1,711 and its 1,200 employees.