Babcock Professional Center 5240 NE Babcock St 41,700 SF 96% Leased Office Building Palm Bay, FL 32905 $8,180,239 CAD ($196.17 CAD/SF)

Multi-tenant professional office complex located along Babcock Street NE in Palm Bay, FL. The property consists of approximately 41,700 SF on 3.55 acres with 19 units ranging from 358 SF to 5,426 SF. The building is a three-story masonry/concrete professional office complex with elevator access, multiple entrances, and on-site parking.
The property is positioned in a high-growth South Brevard County submarket with strong surrounding medical, office, retail, restaurant, defense, aviation, and high-technology employment drivers. The site benefits from frontage along Babcock Street NE with reported traffic counts of approximately 32,050 cars per day. Zoning is CC, Community Commercial.
This offering provides an opportunity to acquire an established professional office asset with existing multi-tenant occupancy, flexible suite sizes, and upside through continued leasing, renewal activity, and long-term professionaldemand in the Palm Bay market.