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3101 - 3215 Aviation Blvd., Vero Beach, FL
•LEASEHOLD INVESTMENT OPPORTUNITY
•Strategically located in Vero Beach Airport / Industrial market!
•Less than 1 Mile from the Vero Beach Municipal Airport
•38 Parking Spaces!
•Site improvements include paved parking, concrete walkways, landscaping, irrigation & drainage, well lit exteriors, signage and fenced dumpster.
•Units consist of 1,000 to 6,000 SF Units.
•3 Buildings with 12 Units and 21,000 SF of Rentable Space!
•Building 1 - 3,585 SF Office/Warehouse Building
•Building 2 - 4,000 SF Office/Warehouse Building
•Building 3 - 14,000 SF Warehouse Building
•Property Size: Located on 1.6 Acres with 404.44 ft. of frontage on Aviation Blvd. with 172.69 ft. of depth
•Year Built: 1950’s, 1980 and 1988 with Renovations
•Zoning (ALI-1) Airport Light Industrial
•Utilities: City Water, Sewer & Electric
•R.E. Taxes: $10,193.37 (2019)
PROJECTED NOI:$112,423 (Based on 5% Vacancy, Currently 74% Occupied) CAP RATE: 14% (Based on 5% vacancy, currently 74% occupied) SALE PRICE: $795,000 (Land Lease Expires 5-31-2033)
3101-3215 Aviation Blvd. Vero Beach, Florida 32960 United States
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