Listed by TSCG The Shopping Center Group Miami
$5,850,000
765 S BABCOCK ST MELBOURNE FL 32901-1461
Details
APN 27 3734-00-254
Property Type Retail
Sub Type Shopping Center
Square Footage 168,737
Year Built 1967
Stories 2
Acreage 15.610
Zoning CP
Investment Type Value Add
Ground Lease No
Investment Offering | 168,737 SF Value-Add Play on Florida's Space Coast
Marketing description
- Significant Value-Add Through Lease-Up
- Long-Term Walgreens Outparcel
- Functioning Tenant Base with Embedded Rent Growth
- High-Traffic Infill Location
- Aerospace-Driven MSA with Durable Fundamentals
- Surrounding Area Drives Daytime Traffic
Investment highlights
TSCG, acting as exclusive agent on behalf of the Owner, is proud to offer for sale a 100% ground-lease interest in NASA Plaza centrally located in Melbourne (Palm Bay–Melbourne–Titusville MSA), Florida. The Property totals 168,737 SF of gross leasable area and is approximately 50% leased to a diverse mix of tenants including Walgreens (outparcel), Riverside Charter High School, OneBlood, Makoto Seafood & Steakhouse, SalonCentric, Twin Rivers Local Vintage, and Arcade Monsters, among others. The Property offers a compelling value-add opportunity through the lease-up of approximately 84,080 SF of currently vacant space, including a 69,900 SF anchor-box vacancy.
Listing Contacts
Listed by TSCG The Shopping Center Group Miami
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