Home / Merritt Island Warehouses / Warehouse Space for Rent / 2235 N Courtenay Pkwy, Merritt Island, FL 32953

2235 N Courtenay Pkwy, Merritt Island, FL 32953

Merritt Island, FL | 12495 sq. ft. | Est $ 8,208.90/mo

  • 2235 N Courtenay Pkwy, Merritt Island, FL, 32953 Merritt Island,FL
Space Available: 12495 sq. ft.
Type: Industrial Office - Warehouse
Est. Rent: $0.73/SF/Month $8.76/SF/Year


. Excellent opportunity to purchase a free-standing office building in Merritt Island - Florida, just south of the Space Center, Cape Canaveral Port, and Cruise Lines. This office building is in the heart of the Space Coast on the main Merritt Island Commercial thoroughfare connecting SR 520 to the Beachline Expressway. The building can be utilized by a corporate commercial or business tenant or by a potential owner-operator or investor. This building is divided into five sections over two floors, each section of the building has its own entrance. Ten storage units (2,457 SF) on a 0.32-acre parcel behind the main building are also available for sale separately. The sale is being offered in the following configurations: - Freestanding office building located at 2235 N. Courtenay Parkway, Merritt Island, FL 32953: $1,150,000, Proforma NOI: $98,938 ($9 base rent NNN, 5% Vacancy cost) Proforma CAP: 8.60% - 12,495 Leasable SF (Estimated Net Leasable SF 11,885) - .97 Acres - 10 Storage Units located at 2230 Mimosa Ave, Merritt Island, FL 32953: $350,000, Proforma Gross Income: $27,000 ($225 per unit/monthly), Proforma NOI: $20,270 (5% Vacancy Cost), Proforma CAP: 5.79% - 2457 SF - 0.32 Acres - Freestanding office building & 10 Storage Units: $1,400,000, Proforma NOI: $119,208, Proforma CAP: 8.51% - Combined 14,952 SF - 1.29 Acre The location is desirable due to considerable nearby commercial momentum and advancement and the privatization of the space industry. The property is located minutes from Cape Canaveral, Kennedy Space Center, and NASA Shuttle Landing Facility. Plenty of opportunity as a result of the booming space industry and reemerging cruise industry. The figures provided are estimates only, prior to closing, the buyer is to verify all permits, approvals, regulations, allowed use, financials, market rent rates, CAM, expenses, zoning, leasable and gross building square footage, and all other factors pertaining to using these parcel(s) and building(s) for the buyer's intended use.

Warehouse Property Information

2235 N Courtenay Pkwy provides tenants 12495 square feet of warehouse space for rent in Merritt Island, FL.

This property is ideal for businesses seeking quality space for distribution, manufacturing and other warehouse uses.

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