Airport V Leashold Investment

THIS IS A LEASEHOLD SALE ONLY. NO REAL ESTATE IS BEING SOLD.
THE PROPERTY IS OWNED BY THE CITY OF VERO BEACH AND THE CURRENT LEASEHOLDER IS SELLING THE VALUE OF THE LEASE ONLY.

LEASEHOLD INVESTMENT OPPORTUNITY

• High Visibility Location!
• Very Attractive Landscape and Design.
• Multiple Tenants Provide Stable Income.
• Adequate Parking in front side and rear.
• Metal Construction.
• Large Roll-Up Doors on Rear Building.
• Over sized double door in front building.
• Impact Glass!
• Road access from Aviation and Piper Drive.

BUILDING: 2 Buildings with 4 Units and 13,800 SF of Rentable Space!
Building 1 6,300 SF Trade Building
Building 2 7,500 SF Warehouse
PROPERTY SIZE: .91 Acres with 243.25 ft. of Frontage on Aviation Blvd. and 150 ft. of Depth
YEAR BUILT: 1965, 1985, 2008
ZONING: (ALI-1) Airport Light Industrial
UTILITIES: City Water, Sewer & FPL
R.E. TAXES: $11,260.46 (2023)
NOI: $76,000 - 100% occupied
CAP RATE: 19%
SALE PRICE: $400,000 (Land Lease Exp. 6-30-2037)