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5030 North Courtenay Parkway

Patrick Messenger Of SS&S Industries Acquires Commercial Land On Merritt Island For $1,000,000
SOLDOffice

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

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.

Players

Adriano Salucci

APEX Capital Realty

Broker

$121.6M

vol

29 deals

Broker

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