450 E Merritt Island Cswy - Medical FOR SALE


Merritt Island, FL 32952
$12,800,000 USD
813-220-8396
450 E Merritt Island Cswy, Merritt Island, FL for Sale
$12,800,000 USD
Medical - FOR SALE
1/33
null | 6.47% Cap Rate

450 E Merritt Island Cswy
Merritt Island, FL 32952


OVERVIEW

Completely renovated in 2018 and 2022 this former Circuit City features 30,097 RSF of medical office including 11,237 SF of the fully licensed AHCA surgery center. The property has great marketing visibility with an oversized Large LED 200 x 600 along Merritt Island Causeway for tenants to advertise their company and additional marketing exposure is provided by allowing tenants to place lighted fascia signs on the building. Current tenants include Merritt Island Outpatient Surgery Center, Florida Pain Relief Group (both subsidiaries of Physician Partners of America), and Clevens Face and Body Specialists. The site features excellent ingress and egress and surplus parking.

FOR SALE DETAILS

PRICE

$12,800,000 USD

PRICE/SF

$424 USD /SF

CAP RATE

6.47%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

450 E. Merritt Island Causeway

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

250

LAND DETAILS

LAND ACRES

2.99 AC

LAND SF

130,244 SF

ZONING

BU2

APN/PARCEL ID

24-36-36-25-00000.0-0003.00

ASK ABOUT THIS PROPERTY

Chris AngeloCentury 21 Elite Locations, Inc.More Info
813-220-8396

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Chris AngeloCentury 21 Elite Locations, Inc.More Info
813-220-8396

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.