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6580 69th Street

Indian River County Acquires Office At 6580 69th Street For $2.5M With Brokers From Colliers
SOLDOffice

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

Julian Zuniga

Colliers

Broker

$102M

vol

16 deals

Broker

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