Atrium Corporate Center
780 S. Apollo Boulevard, Melbourne, Florida 32901
Sold: $2,425,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
24,343 sqft
Land Size
1.66 acres
Zoning
C-P
Year Built
1985
Parking
87
Renovated
2019
Property Description
OVERVIEW
- Upside, Upside, Upside. Opportunity to purchase a high quality professional office building with tremendous upside and a location that should increase in value once Nasa Boulevard is connected to I-95 in 2020. The property's common areas and exterior have been refurbished within the past year.
LOCATION
- Located on Apollo Boulevard between Nasa Boulevard and Babcock Street. Close proximity to the Orlando-Melbourne International Airport, Downtown Melbourne, and Health First Regional Hospital. New I-95 & Nasa Boulevard exit set to open in mid-2020.
HIGHLIGHTS
- $114,000 current Net Income at 51% occupancy
- $259,000 pro-forma Net Income at full occupancy
- Viasat 7,330 sf; Johnson & Johnson 2,349 sf; DNK Legal 1,938 sf
- Signed CNDA required for review of leases and financials
Location
Contact
Michael S. Ullian, CCIM, SIOR
The Ullian Realty Corporation
Office: (321) 729-9900 ext. 17
[email protected]