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Cocoa, FL - Synergy Equipment

$2,954,000

1740 W. King St, Cocoa, FL 32962

Active
Last Updated: 08/29/2024

6.5

Cap Rate

192,000

NOI

Details:
Cap Rate:    6.5%
NOI:    $192,000
Building Size:    5,000 sqft
Description:

• 9+ years of remaining lease term with 3 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years including options
• Corporate lease signature from Synergy Rent, LLC

• The subject property is classified as industrial outdoor storage, which is currently one of the hottest asset classes in the industrial space
• Synergy Equipment is situated on an oversized parcel of land (5.46 acres), adding favorable upside to the asset and the potential for additional development

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