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Atrium Corporate Center

780 S. Apollo Boulevard, Melbourne, Florida 32901
Sold: $2,425,000
Atrium Corporate Center

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
Michael S. Ullian, CCIM, SIOR
The Ullian Realty Corporation
Office: (321) 729-9900 ext. 17
[email protected]