455 Gus Hipp Blvd | Rockledge, FL 32955
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455 Gus Hipp Blvd
Rockledge, FL 32955
Industrial Property For Sale
Investment Highlights
- New 5-year NNN Lease | 3% Annual Rental Increases (Built-in 5% Management Fee and Limited Landlord Responsibilities)
- Mark to Market Opportunity | Lease Expires 10/2029 (No Options for Tenant to Extend)
- Hard to Find Industrial Outdoor Storage (IOS) (Tight Industrial Submarket with Less than 4% Vacancy)
- Concurrent is a Multilocation Utilities Contractor Across Florida (Customers Include Two of the Largest Investor-Owned Utilities Companies in the US)
- Strategically Positioned Along the Coast to Serve Customer Base (Tenant Services Include Construction, Plant Hardening and Storm Restoration Services)
- Located along Florida’s Space Coast | Part of the Melbourne MSA (Explosive Growth Driven by the Space and Technology Industries)
PROPERTY FACTS
| Sale Type | Investment NNN | Rentable Building Area | 4,380 SF |
| Net Initial Yield | 6.57% | Number of Floors | 1 |
| Sale Conditions | 1031 Exchange | Year Built/Renovated | 1986/2000 |
| Property Type | Industrial | Tenancy | Single |
| Building Class | C | Parking Ratio | 5.71/1,000 SF |
| Lot Size | 2.07 AC |
| Sale Type | Investment NNN |
| Net Initial Yield | 6.57% |
| Sale Conditions | 1031 Exchange |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 2.07 AC |
| Rentable Building Area | 4,380 SF |
| Number of Floors | 1 |
| Year Built/Renovated | 1986/2000 |
| Tenancy | Single |
| Parking Ratio | 5.71/1,000 SF |
PROPERTY TAXES
| Parcel Number | 25-36-15-00-00528.0-0000.00 | Improvements Assessment | £113,933 |
| Land Assessment | £100,989 | Total Assessment | £214,922 |
PROPERTY TAXES
Parcel Number
25-36-15-00-00528.0-0000.00
Land Assessment
£100,989
Improvements Assessment
£113,933
Total Assessment
£214,922
zoning
| Zoning Code | IP (INDUSTRIAL PARK ZONING) |
| IP (INDUSTRIAL PARK ZONING) |
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