625 66th Ave SW - Manufacturing FOR SALE


Vero Beach, FL 32968
$9,500,000 USD
772-332-9070
625 66th Ave SW, Vero Beach, FL for Sale
$9,500,000 USD
Manufacturing - FOR SALE
1/30
null | Request Cap Rate

625 66th Ave SW
Vero Beach, FL 32968


HIGHLIGHTS

  • Well constructed and maintained building
  • Strategic location near I-95
  • Nicely finished office space

OVERVIEW

Strategically located on nearly forty acres and improved with an expansive 87,079 SF fruit packing facility, 625 66th Ave SW, Vero Beach, FL, 32968 offers a prime investment opportunity with a diversity of potential uses. The County Commission recently approved expansion of the Urban Service Boundary to include the site, and are reviewing alternative land uses that would accommodate most of the uses contemplated for this type of building. Built in 1994, the well maintained facility includes 4,360 SF of office space, 31 foot ceilings in the warehouse portion, monolithic slab foundation, 9 dock high and 4 ground level bay doors, along with facilities for more than 100 employees. A nearly 10,000 SF cooler with 20' ceilings provides storage capacity for 780 pallets or 2,000,000# of product. The large 40 acre footprint also provides a buyer with the opportunity to lower their basis on the property through development, expansion, or potential sale of the western 20+ acres. The property is located in Vero Beach, just a 1/4 mi. north of Oslo Rd and less than three miles from the I-95 interchange nearing completion as soon as this winter. The $95 million expansion will make this location ideal for distribution or services along the east coast of Florida. Location Description Property is located on 66th Ave. just north of Oslo Rd in Vero Beach, Florida in South Indian River County. The construction project on Oslo Road is nearing completion, including a widening to four lanes, signalized intersection at 66th Ave SW & Oslo Road, and new I-95 interchange.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Premier Packing Warehouse

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

31 Ft

DOCKS

9

DRIVE INS

4

PARKING SPACES

100

LAND DETAILS

LAND ACRES

39.04

LAND SF

1,700,582

ZONING

A-1

APN/PARCEL ID

33-39-19-00001-0090-00002.0,33-39-19-00001-0100-00002.0,33-39-19-00001-0100-00002.1

ASK ABOUT THIS PROPERTY

Jeff CussonSaunders Real EstateMore Info
772-332-9070

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Jeff CussonSaunders Real EstateMore Info
772-332-9070

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