Patrick Messenger Of SS&S Industries Acquires Commercial Land On Merritt Island For $1,000,000
5030 North Courtenay Parkway
$1,000,000
$285/SF
Building Size
3,500 SF
Asset Type
Office
Closing
Apr 1, 2026
About this deal
AI
The property involved in this transaction is located at 5030 North Courtenay Parkway in the Merritt Island market. The asset is classified as a commercial/land property with a total square footage of 3,500. The sale price was set at $1,000,000, resulting in a price per square foot of $285. The land price per square foot stands at $13.50.
Summary of transaction details:
- Property Type: Commercial/Land
- Transaction Amount: $1,000,000
- Address: 5030 North Courtenay Parkway
- Market: Merritt Island
- Square Footage: 3,500
- Price Per Square Foot: $285
- Land Price Per Square Foot: $13.50
- Buyer: Patrick Messenger - SS&S Industries
- Seller: John & Margarette Giurbino
- Seller's Representative: Adriano Salucci - APEX Capital Realty
This transaction was facilitated by Adriano Salucci, representing the sellers, John and Margarette Giurbino. The deal was made possible through APEX Capital Realty’s Lead Generator, showcasing the platform's efficacy in connecting agents with quality opportunities. Such transactions highlight the potential for consistent deal flow and the ability to enhance business growth for brokers.
On the Map
$1,000,000
$285/SF
Office
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Merritt Island Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93