Marcus & Millichap Sells Industrial Property In Melbourne For $7M
SOLD
$7,000,000
Florida
See Similar DealsIndustrial63,240 SF
Sold
SOLD
Marcus & Millichap Sells Industrial Property In Melbourne For $7M
260 North Wickham Road, Melbourne, FL 32935
See Similar DealsIndustrial63,240 SF
Sold
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$110
Total Square Footage:63,240 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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