Updated Sep 5, 2024
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
About this deal
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.
The industrial sale at 260 North Wickham Road, Melbourne, FL 32935 in Melbourne, Florida sold for $7M in 2021. The building is 63,240 square feet, implying about 110 per square foot on the published price. Nick Ledvora, Marcus & Millichap, LH Capital Partners appear on the sale alongside Marcus & Millichap, LH Capital Partners. This page is the Melbourne, Florida file for the 260 North Wickham Road, Melbourne, FL 32935 industrial sold: pricing, party profiles, and other closed industrial comps from the same Melbourne sit in the Market section below. Filter that Melbourne industrial set by closing date to see what else sold near 260 North Wickham Road, Melbourne, FL 32935 around 2021. Published consideration for 260 North Wickham Road, Melbourne, FL 32935 is $7M, dated 2021. Cite this Marcus & Millichap Sells Industrial Property In Melbourne For $7M sale when underwriting similar industrial product around Melbourne, Florida.
Players
Melbourne Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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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