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Oldcastle Infrastructure | A CRH Company 1450 Treeland Blvd SE 13,745 SF Industrial Building Palm Bay, FL 32909 $2,777,900 CAD ($202.10 CAD/SF) 5.86% Cap Rate
INVESTMENT HIGHLIGHTS
- • Corporate Lease with Oldcastle Infrastructure, Inc. - One of the Largest Building Products Brands in the U.S.
- • Original 7-Yr NNN Lease | Minimal LL Responsibilities - 6 Years of Term Remaining | Two Renewal Options at FMRV
- • Mission Critical Stormwater Operations Facility - Training Center | Also Offers Service and Maintenance
- • Parent Company CRH is Publicly Traded | NYSE: CRH - Fortune Global 500 Company | $85.76B Market Cap
- • Significant 4% Annual Rental Increases - Increases Continue During Options at Greater of 4% or CPI
- • Leading Provider for North American Infrastructure Projects - Tenant Offers Engineered Building Products Solutions & Services
EXECUTIVE SUMMARY
• Corporate Lease with Oldcastle Infrastructure, Inc.
- One of the Largest Building Products Brands in the U.S.
• Parent Company CRH is Publicly Traded | NYSE: CRH
- Fortune Global 500 Company | $85.76B Market Cap
• Original 7-Yr NNN Lease | Minimal LL Responsibilities
- 6 Years of Term Remaining | Two Renewal Options at FMRV
• Significant 4% Annual Rental Increases
- Increases Continue During Options at Greater of 4% or CPI
• Mission Critical Stormwater Operations Facility
- Training Center | Also Offers Service and Maintenance
• Leading Provider for North American Infrastructure Projects
- Tenant Offers Engineered Building Products Solutions & Services
• New Roof and Other Major Capital Expenditures in 2025
- Upgrades Include Sprinkler System, O/H Doors, Fence, Paint, Carpet
• Florida’s Space Coast Home to Top Space/Aeronautics Companies
- SpaceX, Blue Origin, Boeing, Lockheed Martin & L3 Harris
• Melbourne, FL MSA | One of the Fastest Growing Areas in FL
- 5 Mile Demos Increased 10%+ in the Last Few Years
- One of the Largest Building Products Brands in the U.S.
• Parent Company CRH is Publicly Traded | NYSE: CRH
- Fortune Global 500 Company | $85.76B Market Cap
• Original 7-Yr NNN Lease | Minimal LL Responsibilities
- 6 Years of Term Remaining | Two Renewal Options at FMRV
• Significant 4% Annual Rental Increases
- Increases Continue During Options at Greater of 4% or CPI
• Mission Critical Stormwater Operations Facility
- Training Center | Also Offers Service and Maintenance
• Leading Provider for North American Infrastructure Projects
- Tenant Offers Engineered Building Products Solutions & Services
• New Roof and Other Major Capital Expenditures in 2025
- Upgrades Include Sprinkler System, O/H Doors, Fence, Paint, Carpet
• Florida’s Space Coast Home to Top Space/Aeronautics Companies
- SpaceX, Blue Origin, Boeing, Lockheed Martin & L3 Harris
• Melbourne, FL MSA | One of the Fastest Growing Areas in FL
- 5 Mile Demos Increased 10%+ in the Last Few Years
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $2,777,900 CAD | Lot Size | 1.81 AC |
| Price Per SF | $202.10 CAD | Rentable Building Area | 13,745 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 5.86% | Year Built/Renovated | 1998/2025 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 2.69/1,000 SF |
| Building Class | C | No. Dock-High Doors/Loading | 2 |
| Zoning | LI, Palm Bay - light industrial | ||
| Price | $2,777,900 CAD |
| Price Per SF | $202.10 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 5.86% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.81 AC |
| Rentable Building Area | 13,745 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1998/2025 |
| Tenancy | Single |
| Parking Ratio | 2.69/1,000 SF |
| No. Dock-High Doors/Loading | 2 |
| Zoning | LI, Palm Bay - light industrial |
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PROPERTY TAXES
| Parcel Number | 29-37-09-MY-03042.0-0004.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,388,500 CAD |
PROPERTY TAXES
Parcel Number
29-37-09-MY-03042.0-0004.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,388,500 CAD
CONTACTS
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Rory Shelby -
Scott Gould -
Christopher Biuso -
Spencer Koch -
Jacob Vandenburg -
Caitlin Lancaster -
Marcus & Millichap
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Oldcastle Infrastructure | A CRH Company | 1450 Treeland Blvd SE
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