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4250 S Washington Ave 3,344 SF Office Building Titusville, FL 32780 $2,218,803 CAD ($663.52 CAD/SF) 7% Cap Rate
Investment Highlights
- No Landlord Responsibilities. Absolute NNN lease.
- Recently Renovated in 2022. Existing double drive-thru.
- Titusville developments include: 240-unit apartment complex; 100-unit senior housing; and 153-room hotel
- Provides a hedge against inflation. Strategic Location. Signalized hard corner with approx. 29,000 VPD on S. Washington Ave.
- Growing Space Coast Demographics
Executive Summary
RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of 4250 S Washington Avenue Titusville, FL, (the 'Property'). The Property is a licensed dispensary leased to MUV, a subsidiary of Verano Holdings Corp. Located 10 miles from the Kennedy Space Center, the Space Coast hosts approximately 3 million tourists annually
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,344 SF
Building Class
B
Year Built
1986
Price
$2,218,803 CAD
Price Per SF
$663.52 CAD
Cap Rate
7%
NOI
$155,315 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,344 SF
Slab To Slab
12’
Building FAR
0.12
Lot Size
0.62 AC
Zoning
CC - Commercial
Parking
16 Spaces (4.78 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 22-35-22-03-00003.0-0001.01 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $560,238 CAD |
Property Taxes
Parcel Number
22-35-22-03-00003.0-0001.01
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$560,238 CAD
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4250 S Washington Ave
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