Rockledge Business Center
Industrial | 7.85% CAP | 165,000 SF
Marketing description
CBRE is pleased to present for sale the Rockledge Business Center (the “Property”), a multi-tenant corporate campus comprising approximately 165,000 square feet of flex-industrial space on over 28 acres in the heart of Rockledge, Florida. Formerly home to Gannett Printing, the campus underwent an impressive reconfiguration in 2018, including a comprehensive gut renovation to accommodate multiple tenants.
Located in a prime area of Rockledge, Florida, this industrial/flex facility benefits from easy access to major transportation routes and key distribution hubs. This advantageous location facilitates the seamless movement of goods, reducing logistical challenges and costs for businesses. Its proximity to major thoroughfares such as Interstate 95, US Hwy 1, and the Pineda Causeway enables the Rockledge Business Center to effectively service Florida’s Space Coast.
The Rockledge Business Center presents a unique investment opportunity to acquire a fully occupied, cash-flowing flex-industrial center within the growing Rockledge market in the Melbourne MSA. The former Gannett Printing facility has been completely transformed, offering investors a stable opportunity with a diverse tenant base in a highly sought-after industrial submarket, characterized by vacancy rates of just over two percent.
Investment highlights
Extensively renovated in 2018, this facility transformed from a single-tenant printing press operation into a versatile multi-tenant business center.
The property is fully occupied by three tenants across different industries, boasting an average remaining lease term of nearly seven years.
The property benefits from its proximity to Interstate 95 and the Pineda Causeway, as well as its frontage on US Hwy 1.
Situated in a market characterized by limited available inventory, low vacancy rates, and strong demand for industrial buildings.
The economy of Brevard County reflects its growing population, as census data shows an increase from 543,573 to 616,628 residents—a 13% rise—between 2010 and 2021. Employment opportunities are robust, with 28% classified as higher-wage jobs, which surpasses the percentages for Florida (24%) and the national average (25%), according to the Atlanta Federal Reserve. The median household income in the county is $65,333. Furthermore, Brevard’s Annual Financial Audit Reports indicate a nearly 35% growth in county revenues from 2012 to 2021.
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