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2720 Center Pl
Melbourne, FL 32940 Suburban Melbourne

$1,800,000 USD

Warehouse For Sale  •  11,320 SF

Property Details

  • Property Type Warehouse
  • Total Building Size 11,320 SF
  • Lot Size 0.96 AC
  • Building Class C
  • Year Built 1989
  • Tenancy Single
  • Zoning IU, County
0 Transit Score
27 Walk Score

Highlights

• Fully Leased to Heritage Pool Supply Group - Wholly Owned Subsidiary of SRS Distribution | Heritage Supply Brand
• One of the Largest and Fastest Growing Pool Supply Distributors - 150+ Locations Across 36 States | Rapid Expansion Since 2021
• Parent Company Recently Acquired by Home Depot (NYSE: HD) - SRS Distribution was Acquired in 2024 for Approximately $18.25B
• Original 5-Year NNN Lease | Minimal LL Responsibilities - 11% Rental Increase in the Remaining Five-Year Option | April ‘27
• Longstanding Tenant with 15+ Years of Historical Occupancy - Established Market Presence | Continued Lease Renewals
• Below Market Rents with Near-Term Future Upside - Current Rents: $8.47/ft | CoStar Estimated Market Rents: $13.49/ft

Public Transportation

AirportDriveWalkDistance
Melbourne Orlando International 23 min - 10.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
Rory Shelby 407-557-3861 Marcus & Millichap
Rory Shelby 407-557-3861 Marcus & Millichap