Vero Beach Warehouse

1100 17th Street, Vero Beach, FL

$4,750,000

Price

5.7%

Cap Rate

$270,707

NOI

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Street
Map
Overview
Cap Rate
5.7%
NOI
$270,707
Building Size
30,000 sqft
Lot Area
2.5 acres
Occupancy
100%
Lease Type
Modified Gross
Year Built
1976
Price Per Sqft
$158.33
Zoning
M- Industrial
Tenancy
Single
Floors
1
Year Last Renovated
1995
Gross Leaseable Area
30000
Warehouse %
93%
CeilingHeight
18
Investment Strategy
Core
Lease Expire Year
4/30/23
Description

Concrete block 30,000 square foot warehouse on 1.82 acres plus contiguous .68 acre vacant lot situated in desirable location in Vero Beach. Leased through April 30, 2023 to a National Railway Infrastructure Contractor. Property features 5 loading docks and 1 drive up ramp, 6000 square feet of air conditioned storage area with loading dock, 2500 square feet of office space, 17 foot high ceilings, 6500 square foot mezzanine level, and 80,000 pound scale. Located 7 Miles from I95 and just 3 miles from Vero Beach Regional Airport.

Highlights
  • In place tenant til 4/30/23
  • Separate 6000 sq ft air conditioned section of warehouse
  • 3000 sq ft Mezzanine with 3000 sq ft air conditioned room underneath
  • Adjacent .68 vacant parcel for parking/expansion
Location
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