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1540 NE Skippers Way
Palm Bay, FL 32905

$20,540,000 USD

Dormitory For Sale  •  111,000 SF

Property Details

  • Property Type Dormitory
  • Total Building Size 111,000 SF
  • Lot Size 11.93 AC
  • Building Class B
  • Year Built 2007
  • Zoning RM20
0 Transit Score
58 Walk Score

Highlights

Turnkey Student Housing Asset – 60 fully-leased units serving Florida Tech and surrounding institutions
6.5% NNN Income Guaranteed – Sale-leaseback structure offers 5 years of predictable, passive income
Purpose-Built Units – Each unit is 5 bed / 5 bath with kitchen, living room, dining area, laundry, and equipment room
Campus-Style Layout – Five 3-story buildings surrounding a retention lake with strong community appeal
Value-Add Development Potential – 3.96 acres zoned for up to 20 units per acre offers room for future expansion
Renovated- 2012 with updated systems, amenities, and interior finishes, fully sprinklered buildings, equipped with elevators

Property Flyers

Amenities

  • Air Conditioning
  • Cable Ready
  • Clubhouse
  • Picnic Area
  • Pool
  • Washer/Dryer
  • Furnished Units Available
  • Planned Social Activities
  • Volleyball Court
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Views
  • Wheelchair Accessible (Rooms)

Public Transportation

AirportDriveWalkDistance
Melbourne Orlando International 15 min - 6.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Alan King 321-480-4673 National Realty Commercial Associates
Alan King 321-480-4673 National Realty Commercial Associates