Listed by Marcus & Millichap - Jacksonville, Marcus & Millichap - Orlando
$14,000,000
United Parcel Service (NYSE:UPS) | Florida
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 99,000
Cap Rate 5.62%
NOI $787,056
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 08/31/2031
Remaining Term 5
Rent Bumps Yes
Lease Options (One) Five-Year Option at FMV
Price per SqFt $141
Year Built 1978
Acreage 6.000
Zoning Industrial (LI)
Investment Type Net Lease
Lease Commencement 09/01/2026
Ground Lease No
NNN | Below Market Rents | FMV Option
Investment highlights
- Corporate Lease with United Parcel Service, Inc
- One of the World's Largest Shipping Couriers
- Publicly Traded Tenant (NYSE: UPS) | Fortune 500 Company
- $88.7 Billion 2025 Revenue | Historically Ranked in the top 50
- New 5-Yr NNN Lease | Fair Market Value Renewal Option
- 3% Annual Rental Increases | Minimal Landlord Responsibilities
- Below Market Rents with Near-Term Future Upside
- Current Rents: $7.95/ft | CoStar Estimated Rents: $11.62/ft+
- Longstanding Tenant with 40+ Years Historical Occupancy
- Established Market Presence | Continued Lease Renewals
- Proximity to Major Transportation Corridors | I-95 & U.S. 1
- Enables Efficient Delivery Capabilities | 6 Miles to MLB Airport
- Highly Functional Site Configuration and Building Layout
- Wraparound Truck Court, Ingress/Egress, Fuel Island, Drive-In Bays
- Florida's Space Coast Home to Top Space/Aeronautics Companies
- SpaceX, Blue Origin, Boeing, Lockheed Martin & L3 Harris
- Melbourne, FL MSA | One of the Fastest Growing Areas in FL
- Over 300,000 Residents within a 10-Mile Radius
- Florida is an Income Tax Free State
- Ideal Passive Investment for Out of Market Ownership
Listing Contacts
Listed by Marcus & Millichap - Jacksonville, Marcus & Millichap - Orlando
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$787,056.00
$65,588.00/mo
Valuation Metrics
0
DSCR
5.62%
Cap Rate
5.62%
ROI
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