Indian River County Acquires Office At 6580 69th Street For $2.5M With Brokers From Colliers
6580 69th Street
$2,500,000
$137/SF
Building Size
18,243 SF
Asset Type
Office
Closing
Nov 2, 2025
AI
The property asset involved in the transaction is an office located at 6580 69th Street in Vero Beach. The sale was finalized for a total amount of $2,500,000, with a total square footage of 18,243, resulting in a price per square foot of $137.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,500,000
- Square Footage: 18,243
- Price Per Square Foot: $137
- Buyer: Indian River County
- Seller: AC Veterinary Specialty Services - Angela Cail
- Buyer's Representatives: Julian Zuniga, Brooke Mosier, Gerard Yetming & Damian Johnson - Colliers
- Seller's Representative: Paul Johnson - Watson Commercial Real Estate, Inc.
This transaction highlights the involvement of multiple representatives from the buying side, including Julian Zuniga, Brooke Mosier, Gerard Yetming, and Damian Johnson from Colliers, as they facilitated the acquisition for Indian River County, while Paul Johnson from Watson Commercial Real Estate, Inc. represented the seller, AC Veterinary Specialty Services.
Players
Vero Beach 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93