2720 Kirby Cir NE
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2720 Kirby Cir NE
16,625 SF Vacant Light Industrial Building Palm Bay, FL 32905 £2,288,100 (£138/SF) 8.48% Net Initial Yield
Investment Highlights
- new, versatile warehouse leased at 100% within 4 month, with multiple units on multi year lease
- each with multiple roll-up doors and 3-phase electric outlets
- complex features 11 units across three buildings,
Executive Summary
Discover our new, versatile warehouse units in Palm Bay's light-industrial zone! Our complex features 11 units across three buildings, each with multiple roll-up doors and 3-phase electric outlets. Enjoy a shared 16-car parking lot, enhancing convenience for your team and visitors. The units are almost fully leased (only one unit remains available).
Key Highlights: Varied Unit Sizes: Tailor-fit for diverse business needs.
The owner will barter the property for multiple residential properties + cash.
Owner finance available.
Motivated seller
Enhanced Amenities: The 3600 sq FT unit, including office spaces and two bathrooms. The rest of the units have dedicated bathrooms.
Strategic Location: Ideal for manufacturing, distribution, and more, this location ensures operational efficiency and easy logistics. Brand new and designed for efficiency, these units offer the perfect foundation for businesses aiming to grow or relocate in Palm Bay. Seize the opportunity to position your business for success in a prime location. Contact us to view and take the next step in your business journey.
Key Highlights: Varied Unit Sizes: Tailor-fit for diverse business needs.
The owner will barter the property for multiple residential properties + cash.
Owner finance available.
Motivated seller
Enhanced Amenities: The 3600 sq FT unit, including office spaces and two bathrooms. The rest of the units have dedicated bathrooms.
Strategic Location: Ideal for manufacturing, distribution, and more, this location ensures operational efficiency and easy logistics. Brand new and designed for efficiency, these units offer the perfect foundation for businesses aiming to grow or relocate in Palm Bay. Seize the opportunity to position your business for success in a prime location. Contact us to view and take the next step in your business journey.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£193,552
|
£11.06
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£193,552
|
£11.06
|
| Taxes |
£2,268
|
£0.13
|
| Operating Expenses |
£1,580
|
£0.09
|
| Total Expenses |
£3,848
|
£0.22
|
| Net Operating Income |
£189,704
|
£10.84
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £193,552 |
| Annual Per SF | £11.06 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £193,552 |
| Annual Per SF | £11.06 |
| Taxes | |
|---|---|
| Annual | £2,268 |
| Annual Per SF | £0.13 |
| Operating Expenses | |
|---|---|
| Annual | £1,580 |
| Annual Per SF | £0.09 |
| Total Expenses | |
|---|---|
| Annual | £3,848 |
| Annual Per SF | £0.22 |
| Net Operating Income | |
|---|---|
| Annual | £189,704 |
| Annual Per SF | £10.84 |
Property Facts
| Price | £2,288,100 | Building Class | B |
| Price Per SF | £138 | Lot Size | 1.79 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 16,625 SF |
| Net Initial Yield | 8.48% | Number of Floors | 1 |
| Property Type | Light Industrial | Year Built | 2023 |
| Property Subtype | Light Distribution | Parking Ratio | 0.91/1,000 SF |
| Price | £2,288,100 |
| Price Per SF | £138 |
| Sale Type | Investment or Owner User |
| Net Initial Yield | 8.48% |
| Property Type | Light Industrial |
| Property Subtype | Light Distribution |
| Building Class | B |
| Lot Size | 1.79 AC |
| Rentable Building Area | 16,625 SF |
| Number of Floors | 1 |
| Year Built | 2023 |
| Parking Ratio | 0.91/1,000 SF |
PROPERTY TAXES
| Parcel Number | 28-37-23-02-00000.0-0002.00 | Total Assessment | £122,532 (2023) |
| Land Assessment | £122,532 (2023) | Annual Taxes | £2,268 (£0.14/sf) |
| Improvements Assessment | £0 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
28-37-23-02-00000.0-0002.00
Land Assessment
£122,532 (2023)
Improvements Assessment
£0 (2023)
Total Assessment
£122,532 (2023)
Annual Taxes
£2,268 (£0.14/sf)
Tax Year
2024
zoning
| Zoning Code | Light Industrial (Allows to use it for General retail commercial (BU-1) and Retail, warehousing and wholesale commercial (BU-2),) |
| Light Industrial (Allows to use it for General retail commercial (BU-1) and Retail, warehousing and wholesale commercial (BU-2),) |
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Bulat Hametov - Legacy Real Estate Group
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2720 Kirby Cir NE
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