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445 West Dr 13,500 SF Industrial Building West Melbourne, FL 32904 $5,215,500 CAD ($386.33 CAD/SF) 4.96% Cap Rate
Investment Highlights
- 100% leased flex/industrial investment - Modified NNN through April 12, 2031
- Base rent $16,077/mo with CPI-U or 3% annual increases; $186,000 NOI, ~5.0% cap; offered by owner
- 13,500 SF on 1.50 acres - one story, 18 ft clear, four suites, built 2000
Executive Summary
Investment sale. 13,500 SF flex/warehouse at 445 West Drive, Melbourne, FL 32904 (Industrial Plaza). One-story, 18-foot clear, built 2000, 1.50 acres, four suites on a single parcel.
Leased 100% to Koala Insulation Franchisor, LLC (HQ occupancy). Current term April 13, 2026 through April 12, 2031. Base rent $16,077 per month with annual increases of the greater of CPI-U or 3%. Tenant is responsible for operating expenses, roof, and HVAC; landlord retains structure. Owner net approximately $15,500 per month ($186,000 NOI).
Asking $3,750,000 (~$278/SF, ~5.0% cap on $186k NOI). Listed by the owner, 445 WEST LLC.
Leased 100% to Koala Insulation Franchisor, LLC (HQ occupancy). Current term April 13, 2026 through April 12, 2031. Base rent $16,077 per month with annual increases of the greater of CPI-U or 3%. Tenant is responsible for operating expenses, roof, and HVAC; landlord retains structure. Owner net approximately $15,500 per month ($186,000 NOI).
Asking $3,750,000 (~$278/SF, ~5.0% cap on $186k NOI). Listed by the owner, 445 WEST LLC.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
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| Other Income |
-
|
-
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| Vacancy Loss |
-
|
-
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| Effective Gross Income |
-
|
-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Fenced Lot
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 27-36-26-75-00000.0-000B.10 | Improvements Assessment | $0 CAD (2026) |
| Land Assessment | $0 CAD (2026) | Total Assessment | $1,615,754 CAD (2026) |
Property Taxes
Parcel Number
27-36-26-75-00000.0-000B.10
Land Assessment
$0 CAD (2026)
Improvements Assessment
$0 CAD (2026)
Total Assessment
$1,615,754 CAD (2026)
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Presented by
1954 Capital Partners
445 West Dr
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