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5240 NE Babcock St
Palm Bay, FL 32905
Babcock Professional Center · Office Property For Sale
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
41,700 SF
Building Class
B
Year Built
1986
Price
$5,950,000
Price Per SF
$142.69
Percent Leased
96%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
13,000 SF
Building FAR
0.27
Lot Size
3.55 AC
Zoning
CC Community Commercial - Community Commecial
Parking
210 Spaces (4 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 28-37-28-75-00000.0-000A.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,403,240 |
Property Taxes
Parcel Number
28-37-28-75-00000.0-000A.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,403,240
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