5240 Professional Building
$5,300,000
5240 Babcock Street Northeast, Palm Bay, FL 32905
41,700 SF
Square Feet
$127
PPSF
Property Description
Babcock Professional Center is a three-story, multi-tenant professional office complex located at 5240 Babcock Street NE in Palm Bay, Florida. The property consists of approximately 41,700 square feet on 3.55 acres and includes 19 office units ranging from 358 to 5,426 square feet.
The building offers elevator access, multiple entrances, and a professional office layout suitable for a variety of medical, office, and service-based users. Positioned along South Babcock Street near Port Malabar Boulevard, the property benefits from strong visibility, convenient access, and a traffic count of approximately 32,050 cars per day.
Located in a growing South Brevard County submarket, the property is surrounded by national retail, medical, office, restaurant, hospital, defense, aviation, and technology-related employers. The property has been recently renovated for a professional appearance and features attractive exterior landscaping.
Babcock Professional Center presents an excellent opportunity to acquire a stabilized office asset in one of Palm Bay’s key commercial corridors.
Property Details
Asset Type
Office
Year Built
1986
Zoning
Community Commercial
Neighborhood
Palm Bay
Submarket
Palm Bay
ZIP
32905
Renovated
2020
Listing Type
sale
Offering Memorandum
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$301,496
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$25,125
Annual Debt Service
$301,496
View on Map
Address
5240 Babcock Street Northeast
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Palm Bay Office Market Snapshot
Boundary boundary · Office · Sale
No investors found in this market.