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Premier Packing Warehouse 625 66th Ave SW 87,079 SF Industrial Building Vero Beach, FL 32968 $9,500,000 ($109.10/SF)
Investment Highlights
- Well constructed and maintained building
- Nicely finished office space
- Strategic location near I-95
Executive Summary
Strategically located on nearly forty acres with A-1 zoning and improved with an expansive 87,079 SF fruit packing facility, 625 66th Ave SW, Vero Beach, FL, 32968 offers a prime investment opportunity with a diversity of potential uses. Built in 1994, the well maintained, facility includes 4360 SF of office space, 31 foot ceilings in the warehouse portion, monolithic slab foundation, 9 dock high and 4 ground level bay doors, along with facilities for more than 100 employees. A nearly 10,000 SF cooler with 20' ceilings provides storage capacity for 780 pallets or 2,000,000# of product. The property is located in Vero Beach, just a 1/4 mi. north of Oslo Rd and less than three miles from the I-95 interchange, currently under construction and scheduled for completion in Summer of 2027.
Recent CAPEX Improvements
2015 - Installation of Cooling and Storage Room: Dimensions: 141’ x 70’ X
20’ high, with 2- 9’ x 10’ high Thermal Rolling Doors, 2 – personnel doors.
Self-supported with Interior structural steel racking. Capacity: 780 pallet, Storage
Capacity: 2,000,000 lbs.@ 40 degrees F.
2017 – Installation of GENERAC 150 kW Natural gas Model QT150 liquid
cooled 277/480V 3-phase generator.
2018 –Extensive Remodeling for additional Office space, front façade, double
impact PGT Office windows and new LED packinghouse lighting.
2019 - Recoating of Packinghouse Roof with PremiSEAL 60, a spray polyurethane
foam, with Uniflex Acrylic coating
Location Description
Property is located off of 66th Ave. just north of Oslo Rd in Vero Beach, Florida. Oslo Road is currently undergoing a $96 million construction project widening to four lanes and a new I-95 interchange. The County recently approved expansion of the Urban Service area to include the property, however they will not grant rezoning until that process is completed next year.
Price Per SF $109.10
Recent CAPEX Improvements
2015 - Installation of Cooling and Storage Room: Dimensions: 141’ x 70’ X
20’ high, with 2- 9’ x 10’ high Thermal Rolling Doors, 2 – personnel doors.
Self-supported with Interior structural steel racking. Capacity: 780 pallet, Storage
Capacity: 2,000,000 lbs.@ 40 degrees F.
2017 – Installation of GENERAC 150 kW Natural gas Model QT150 liquid
cooled 277/480V 3-phase generator.
2018 –Extensive Remodeling for additional Office space, front façade, double
impact PGT Office windows and new LED packinghouse lighting.
2019 - Recoating of Packinghouse Roof with PremiSEAL 60, a spray polyurethane
foam, with Uniflex Acrylic coating
Location Description
Property is located off of 66th Ave. just north of Oslo Rd in Vero Beach, Florida. Oslo Road is currently undergoing a $96 million construction project widening to four lanes and a new I-95 interchange. The County recently approved expansion of the Urban Service area to include the property, however they will not grant rezoning until that process is completed next year.
Price Per SF $109.10
Property Facts
Amenities
- Cooler
- Signage
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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Property Taxes
| Parcel Numbers | Improvements Assessment | $1,198,592 | |
| Land Assessment | $725,476 | Total Assessment | $1,924,068 |
Property Taxes
Parcel Numbers
Land Assessment
$725,476
Improvements Assessment
$1,198,592
Total Assessment
$1,924,068
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Premier Packing Warehouse | 625 66th Ave SW
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