Investment Opportunity! Industrial/Office

Situated and centrally located in bustling north Merritt Island in close proximity to SR 520 and 528 (SR 528 is the major artery connecting Cocoa Beach and waterfront communities to Orlando proper and the surrounding area).

• Zoned BU-2
• Recently added; 2,348 SF. With new 9,900 planned building to the south part of the lot, site plan permit complete
• 3.15 +/- Acres
• 34,360 +/- SF
• Renovated in 2013 - New south building completed Winter 2018
• Multi-tenant facility
• Majority leased to national engineering firm -this tenant will sign a new 7-year lease with two (2) 5-year options.
• 12 bathrooms
• 14 A/C units (Of these, one unit is brand new installed in 2018, and two are new with recent addition.)

PROPERTY OVERVIEW

The offering is a 34,360 SF building situated on 3.15 acres of land at the corner of North Courtenay Parkway and Alma Boulevard, with ready access to 528 (2.2 miles) which is the main thoroughfare to Orlando and 1.9 miles to the Merritt Island Causeway (SR 520), which connects the beachside through Merritt Island to Cocoa and Route 1.

Larger retailers in the vicinity include Target, Goodwill Industries, Aldi's, Starbucks and Island Health & Rehabilitation Walgreens, County License Office, Burger King and Verizon.

The location is approximately 5 miles from Exploration Park where Blue Origin (owner, Jeff Bezos) is constructing a rocket engine manufacturing plant of 750,000 SF with a capital investment of $200-225 Million Dollars. As of December 1, 2016, the development is being fast-tracked with one warehouse building almost complete. The Super Structure for another facility is underway. The facility is expected to employ 300+ professional engineers, scientists,
etc., with an average salary of $89,000.00.

In addition, OneWeb, a satellite manufacturing company, is a 100,000 SF facility that will employs 250 with average salaries of $86,000.00. OneWeb has worked to launch a mega-constellation of 900 small satellites to expand high-speed internet access around the globe.