Fortune Place
$1,400,000
4343 Fortune Place, Melbourne Village, FL 32904
8.41
Cap Rate
117,731
NOI
Details:
Highlights:
- 9000 SF Flex Office/R&D building with high-tech engineering tenant
- 100% HVAC, City Water/Sewer, Fiber, 3-phase power to building, currently wired for 120/240v 1175 Amps FPL electric.
- Concrete block construction with steel roof joists
- Three private units, each with its own front and rear entrance, electric meters, and HVAC systems.
- Secure high speed communication links and a secure area for systems development.
- 2 grade level roll-up doors, and one 10x10' dock door with sunken loading ramp (currently not being used).
- 16' max ceiling height, drop ceilings throughout
- Currently occupied by single 20-year tenant. Negotiating renewal for another 5-year term.
- 30 parking spaces
Description:
Well-maintained 9,000 square foot Flex Office/R&D building, ideally suited for engineering, technology, or light manufacturing uses.
Currently 100% occupied by a national, high-tech engineering tenant who has been in place for 20 years. A renewal for an additional 5-year lease term is currently under negotiation, offering stable income and long-term tenancy.
Constructed with concrete block and steel roof joists, this high-tech facility is fully climate-controlled and supported by robust infrastructure, including city water/sewer, fiber connectivity, and 3-phase power (currently wired for 120/240V, 1175 Amps via FPL).
The building is also equipped with secure high speed communication links and a secure area for systems development, test, maintenance, and enhancement.
The property is divided into three private units, each with its own front and rear entrances, dedicated electric meters, and separate HVAC systems. The units are partitioned into several private offices, conference rooms, restrooms, breakrooms, open workspaces, and storage areas. Each unit includes a front and rear pedestrian door and a rear overhead roll-up door. The east unit includes a dock door with loading well.
Floor covering is carpet and tile. There are six restrooms each containing one toilet and one sink. Ceilings are suspended acoustic fiber tile. mezzanine storage area in the east portion of the building accessible via wood stairs.
According to the mutual easement for access and parking, each property is afforded one space per every 300 square feet of building area which would equate to 30 spaces.
Features include two grade-level roll-up doors and a 10’ x 10’ dock-height door with a sunken loading ramp (currently not in use), as well as 16' maximum ceiling height.
This is a turn-key investment with strong in-place cash flow and excellent utility for a wide range of uses.
Located in the heart of West Melbourne, and only 6/10 of a mile from access to I95 via Ellis Road, the location is ideal for businesses seeking convenience and visibility. West Melbourne has experienced steady population growth, driven by the local Space Coast economy and proximity to major employers such as L3Harris Technologies and Northrop Grumman. The property is minutes from Melbourne Orlando International Airport and the Florida Tech campus, enhancing its appeal for professionals and corporate operations. Nearby amenities include Hammock Landing shopping center, dining options, and hotels, making this a highly attractive setting for office and commercial use.
Documents:
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4343_Fortune_Place_Floorplan.pdf |
Location

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