SOLDIndustrial
Marcus & Millichap Sells Industrial Property In Melbourne For $7M
260 North Wickham Road, Melbourne, FL 32935
$7,000,000
$110/SF
Building Size
63,240 SF
Asset Type
Industrial
Closing
Dec 14, 2021
AI
260 N Wickham Rd in Melbourne has been sold in a recent industrial property transaction. The sale was facilitated by Nick Ledvora from Marcus & Millichap. The transaction took place on 12/14/2021.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $7,000,000
- Square Footage: 63,240
- Price Per Square Foot: $111
- Market: Melbourne
- Address: 260 N Wickham Rd
Nick Ledvora, representing Marcus & Millichap, played a key role in the deal.
Players
Melbourne Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93