Merritt Island Warehouse for rent

Warehouse Description

This free-standing office building in Merritt Island, Florida, is ideally situated just south of the Space Center, Cape Canaveral Port, and Cruise Lines. Nestled in the heart of the Space Coast on the main Merritt Island Commercial thoroughfare connecting SR 520 to the Beachline Expressway, it offers prime visibility and accessibility. The building comprises five sections over two floors, each with separate entrances, providing flexibility for multiple tenants or an owner-operator. Additionally, ten storage units (2,457 SF) are available for sale separately. The property can be acquired in various configurations:

- Freestanding office building (12,495 SF) priced at $1,150,000, with a Proforma CAP of 8.60%.

- 10 Storage Units (2457 SF) priced at $350,000, with a Proforma CAP of 5.79%.

- Freestanding office building and 10 Storage Units bundled together for $1,400,000, with a Proforma CAP of 8.51%.

The property benefits from the area's thriving commercial activity, particularly due to the privatization of the space industry. Its proximity to Cape Canaveral, Kennedy Space Center, and NASA Shuttle Landing Facility presents ample opportunities in the booming space and reemerging cruise industries. However, it's crucial to note that all figures are estimates, and buyers should independently verify all relevant information before making a decision.