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5240 Professional Building

5240 Professional Building
FOR SALE
View more

$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

Download

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.

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Kirk Von Stein

Kirk Von Stein

President

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Kirk Von Stein

Kirk Von Stein

President

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