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United Parcel Service (NYSE:UPS) | Florida 2730 Kirby Cir NE 99,000 SF Industrial Building Palm Bay, FL 32905 $19,521,460 CAD ($197.19 CAD/SF) 5.62% Cap Rate
Investment Highlights
- • Corporate Lease with United Parcel Service, Inc - One of the World’s Largest Shipping Courier
- • New 5-Yr NNN Lease | Fair Market Value Renewal Option - 3% Annual Rental Increases | Minimal Landlord Responsibilities
- • Longstanding Tenant with 40+ Years Historical Occupancy - Established Market Prescence | Continued Lease Renewals
- • Publicly Traded Tenant (NYSE: UPS) | Fortune 500 Company - $88.7 Billion 2025 Revenue | Historically Ranked in the top 50
- • Below Market Rents with Near-Term Future Upside - Current Rents: $7.95/ft | CoStar Estimated Rents: $11.62/ft+
- • Proximity to Major Transportation Corridors | I-95 & U.S. 1 - Enables Efficient Delivery Capabilities | 6 Miles to MLB Airport
Executive Summary
• Corporate Lease with United Parcel Service, Inc
- One of the World’s Largest Shipping Courier
• Publicly Traded Tenant (NYSE: UPS) | Fortune 500 Company
- $88.7 Billion 2025 Revenue | Historically Ranked in the top 50
• New 5-Yr NNN Lease | Fair Market Value Renewal Option
- 3% Annual Rental Increases | Minimal Landlord Responsibilities
• Below Market Rents with Near-Term Future Upside
- Current Rents: $7.95/ft | CoStar Estimated Rents: $11.62/ft+
• Longstanding Tenant with 40+ Years Historical Occupancy
- Established Market Prescence | Continued Lease Renewals
• Proximity to Major Transportation Corridors | I-95 & U.S. 1
- Enables Efficient Delivery Capabilities | 6 Miles to MLB Airport
• Highly Functional Site Configuration and Building Layout
- Wraparound Truck Court, Ingress/Egress, Fuel Island, Drive-In Bays
• 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
- Over 300,000 Residents with a 10-Mile Radius
• Florida is an Income Tax Free State
- Ideal Passive Investment for Out of Market Ownership
- One of the World’s Largest Shipping Courier
• Publicly Traded Tenant (NYSE: UPS) | Fortune 500 Company
- $88.7 Billion 2025 Revenue | Historically Ranked in the top 50
• New 5-Yr NNN Lease | Fair Market Value Renewal Option
- 3% Annual Rental Increases | Minimal Landlord Responsibilities
• Below Market Rents with Near-Term Future Upside
- Current Rents: $7.95/ft | CoStar Estimated Rents: $11.62/ft+
• Longstanding Tenant with 40+ Years Historical Occupancy
- Established Market Prescence | Continued Lease Renewals
• Proximity to Major Transportation Corridors | I-95 & U.S. 1
- Enables Efficient Delivery Capabilities | 6 Miles to MLB Airport
• Highly Functional Site Configuration and Building Layout
- Wraparound Truck Court, Ingress/Egress, Fuel Island, Drive-In Bays
• 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
- Over 300,000 Residents with a 10-Mile Radius
• Florida is an Income Tax Free State
- Ideal Passive Investment for Out of Market Ownership
Data Room Click Here to Access
Property Facts
| Price | $19,521,460 CAD | Rentable Building Area | 99,000 SF |
| Price Per SF | $197.19 CAD | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1978 |
| Cap Rate | 5.62% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 2.14/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 25’ |
| Building Class | B | No. Dock-High Doors/Loading | 6 |
| Lot Size | 6.01 AC | No. Drive In / Grade-Level Doors | 10 |
| Zoning | LI | ||
| Price | $19,521,460 CAD |
| Price Per SF | $197.19 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 5.62% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 6.01 AC |
| Rentable Building Area | 99,000 SF |
| No. Stories | 1 |
| Year Built | 1978 |
| Tenancy | Single |
| Parking Ratio | 2.14/1,000 SF |
| Clear Ceiling Height | 25’ |
| No. Dock-High Doors/Loading | 6 |
| No. Drive In / Grade-Level Doors | 10 |
| Zoning | LI |
Amenities
- Signage
Utilities
- Water - City
- Sewer - City
1 1
Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 28-37-14-77-00004.0-0001.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $8,724,252 CAD |
Property Taxes
Parcel Number
28-37-14-77-00004.0-0001.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$8,724,252 CAD
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United Parcel Service (NYSE:UPS) | Florida | 2730 Kirby Cir NE
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