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Research And Development For Sale • 9,000 SF
| Attractive Basis Below Replacement Cost: Priced at $207/SF, well below current replacement cost in the market. |
| Stable Cash Flow: Absolute NNN lease structure with no landlord responsibilities, tenant reimburses for all operating and capital expenses. |
| Strong In Place Returns with Built in Rent Growth: Year 1 cap rate of 6.75% with a blended cap rate of 7.17%. |
| Rental Growth: Scheduled rent increases from $126,000 to $169,334, providing a strong hedge against inflation. |
| Low Coverage Ratio Risk: Rent levels remain well supported by tenant operations, with gradual step ups that reduce rollover risk at expiration. |
| Institutional Quality Tenant: Leased to Parsons Service Company, a nationally recognized engineering and professional services firm. |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Melbourne Orlando International | 12 min | - | 5.1 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 30 |
| Type: | Surface |
| Included in Rent: | Yes |
Tarek Chbeir
Marcus & Millichap
Tarek Chbeir
Marcus & Millichap
