1264 Malabar Rd SE 5,010 SF Office Building Palm Bay, FL 32907 $1,789,514 CAD ($357.19 CAD/SF) 5.81% Cap Rate
EXECUTIVE SUMMARY
Investment opportunity: Established medical office building with a stable hospital tenant since 2019. NNN lease in place until 2027, with two additional 1-year options. Generates $75,000 annual gross income.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
5,010 SF
Building Class
B
Year Built
1988
Price
$1,789,514 CAD
Price Per SF
$357.19 CAD
Cap Rate
5.81%
NOI
$104,042 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,010 SF
Building FAR
0.13
Lot Size
0.90 AC
Zoning
CC - Dev. of comm'l activities which offer wide range of goods & svcs to surrounding community primarily located at intersect'n of or near arterial roadway
Parking
50 Spaces (9.98 Spaces per 1,000 SF Leased)
1 of 1
PROPERTY TAXES
| Parcel Number | 29-37-04-00-00010.0-0000.00 | Improvements Assessment | $536,358 CAD |
| Land Assessment | $670,166 CAD | Total Assessment | $1,206,524 CAD |
