5240 NE Babcock St - Office FOR SALE


Palm Bay, FL 32905
$5,950,000 USD
772-778-4885
5240 NE Babcock St, Palm Bay, FL for Sale
$5,950,000 USD
Office - FOR SALE
1/5
null | Request Cap Rate

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5240 NE Babcock St
Palm Bay, FL 32905


OVERVIEW

Multi-tenant professional office complex located along Babcock Street NE in Palm Bay, FL. The property consists of approximately 41,700 SF on 3.55 acres with 19 units ranging from 358 SF to 5,426 SF. The building is a three-story masonry/concrete professional office complex with elevator access, multiple entrances, and on-site parking. The property is positioned in a high-growth South Brevard County submarket with strong surrounding medical, office, retail, restaurant, defense, aviation, and high-technology employment drivers. The site benefits from frontage along Babcock Street NE with reported traffic counts of approximately 32,050 cars per day. Zoning is CC, Community Commercial. This offering provides an opportunity to acquire an established professional office asset with existing multi-tenant occupancy, flexible suite sizes, and upside through continued leasing, renewal activity, and long-term professionaldemand in the Palm Bay market.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$143 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Babcock Professional Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

210

LAND DETAILS

LAND ACRES

3.55 AC

LAND SF

154,638 SF

ZONING

CC Community Commercial

APN/PARCEL ID

28-37-28-75-00000.0-000A.00

ASK ABOUT THIS PROPERTY

Kirk Von Stein, CCIM, CPMCharles A. Von Stein, Inc.More Info
772-778-4885

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Kirk Von Stein, CCIM, CPMCharles A. Von Stein, Inc.More Info
772-778-4885

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