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1071 Port Malabar Blvd NE
Palm Bay, FL 32905

$2,338,243 USD

Medical For Sale  •  18,500 SF

Property Details

  • Property Type Medical
  • Total Building Size 18,500 SF
  • Lot Size 1.78 AC
  • Building Class B
  • Year Built 1990
  • Cap Rate 4.91 %
  • Tenancy Multiple
  • Zoning CC
30 Transit Score
50 Walk Score

Highlights

Established medical & professional tenancy with diverse healthcare users serving Palm Bay community
Eight tenants across medical, therapy, insurance, and professional services providing diversified cash flow
Flexible floor plan and vanilla-box suite configurations supporting re-tenantability
Located along Port Malabar Boulevard with direct connectivity to I-95 and U.S. Route 1
5-mile trade area home to nearly 150,000 residents projected to grow 2.0% annually through 2029
Full roof replacement in 2024 substantially reduces near-term capital risk for incoming buyer

Property Flyers

Cap Rate: 4.91 %

Major Tenants

Tenant SF Occupied Lease End Date
Angels For Kids On Call 24/7 Inc 12/1/2018
Brevard Bacjground Check
Brevard Skin & Cancer Center
Speech Health and Therapy 9/30/2028
Wild Manta 5/2/2025

Public Transportation

AirportDriveWalkDistance
Melbourne Orlando International 17 min - 7.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Covered
Included in Rent: Yes
Dom Deignan 407-216-8248 Matthews Real Estate Investment Services
Dom Deignan 407-216-8248 Matthews Real Estate Investment Services