$2,925,000
Palm Bay, FL 32905
MLS# 1057114
3 baths
1 / 13
Property Description
Excellent opportunity to purchase a 100% Occupied income producing multi-tenant warehouse in northeast Palm Bay! There are 11 Tenants, which total 17,482 SF. Each unit is individually metered for electric. Water is common and is included in the CAM. Est. 2025 NOI is $248,736 which is an 8.5% CAP. Property is 100% occupied. The leases are NNN structures. 2023 construction. Total of 45 10' x 10' +/- grade level doors. Interior has concrete flooring throughout. Clear height ranges 11' - 14' +/-. Utilities include City Water/Sewer and 3-phase FPL Electric. Property is strategically positioned just off of Palm Bay Road which is the primary area connector between Interstate 95, Babcock Street and US1. Surrounding employers include L3Harris, ABC Supply, Tibbetts Lumber and Leonardo DRS to name a few. Lots of schools, restaurants, healthcare and childcare in the area. Call today for details!
Details
Maps
Location, Tax, and Legal
Tax Account: 3019272
Parcel Number: 28-37-23-02-00000.0-0002.00
General County Location: South
Tax Annual Amount: 2871.4
Tax Year: 2023
Directions: Starting on Robert J. Conlan Boulevard turn east onto Kirby Circle. Property is located on the east side of Kirby Circle, just south of Taylor Avenue.
General Property Information
Number Of Units Total: 3
Building Area Total: 17482
Lot Size Acres: 1.78
Water Body Access YN: No
Waterfront YN: No
Land Lease YN: No
List Price/SqFt: 167.31
Bathrooms Total: 3
Year Built: 2023
Remarks and Miscellaneous
Public Remarks: Excellent opportunity to purchase a 100% Occupied income producing multi-tenant warehouse in northeast Palm Bay! There are 11 Tenants, which total 17,482 SF. Each unit is individually metered for electric. Water is common and is included in the CAM. Est. 2025 NOI is $248,736 which is an 8.5% CAP. Property is 100% occupied. The leases are NNN structures. 2023 construction. Total of 45 10' x 10' +/- grade level doors. Interior has concrete flooring throughout. Clear height ranges 11' - 14' +/-. Utilities include City Water/Sewer and 3-phase FPL Electric. Property is strategically positioned just off of Palm Bay Road which is the primary area connector between Interstate 95, Babcock Street and US1. Surrounding employers include L3Harris, ABC Supply, Tibbetts Lumber and Leonardo DRS to name a few. Lots of schools, restaurants, healthcare and childcare in the area. Call today for details!
Construction Materials
Aluminum Siding: 1
Current Use
Industrial: 1
Flooring
Concrete: 1
Listing Terms
Cash: 1
Conventional: 1
Private Financing Available: 1
Lot Features
Other: 1
Parking Features
Parking Lot: 1
Income and Expenses
Net Operating Income: 248736
Sewer
Public Sewer: 1
Tenant Pays
Electricity: 1
Unit 1 Details
Unit ID: 2720
Annual Rent: 1
Unit SqFt: 9850
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Warehouse
Unit 2 Details
Unit ID: 2722
Annual Rent: 1
Unit SqFt: 4032
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Warehouse
Unit 3 Details
Unit ID: 2724
Annual Rent: 1
Unit SqFt: 3600
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Warehouse
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Listing Agent Must Accompany: 1
Building Features
Clear Span: 1
Maximum Ceiling Height: 14
# Overhead Doors: 45
Overhead Door Height: 10
Rear Access: 1
Storage: 1
Ceiling Type
Exposed: 1
Existing Lease Type
NNN: 1
Location
Industrial Park: 1
Sale Includes
Building & Land: 1
Contract Information
Current Price: $2,925,000
Original List Price: 2995000
List Price: $2,925,000
Status: Active
Listing Contract Date: 2025-09-13
Property Sub Type: Industrial
Location Tax and Legal
Street Number: 2720
Street Name: Kirby
Street Suffix: Circle
Street Direction Suffix: NE
County: Brevard
State: FL
Postal Code: 32905
MLS Area Major: 340 - NE Palm Bay
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2025-10-09T17:24:45Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-10-09T17:24:45Z
Status Change Timestamp: 2025-09-13
Property Features
Building Features: Clear Span; Rear Access; Storage
Ceiling Type: Exposed
Construction Materials: Aluminum Siding
Current Use: Industrial
Existing Lease Type: NNN
Flooring: Concrete
Listing Terms: Cash; Conventional; Private Financing Available
Location: Industrial Park
Lot Features: Other
Parking Features: Parking Lot
Sale Includes: Building & Land
Sewer: Public Sewer
Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany
Tenant Pays: Electricity
Utilities: Electricity Connected; Sewer Connected; Water Connected
Water Source: Public
Listing Office: The Ullian Realty Corporation
Last Updated: October - 09 - 2025
Information is deemed to be reliable, but is not guaranteed.