Duong Investment Group
In Escrow

Florida Water Products

2720 Center Place, Melbourne, FL

Property Description

Price: $1,667,000
Cap Rate: 5.75%
Gross Leasable Area: ±11,320 SF
Year Built: 1988/2005

Investment Highlights

Brand New 5-Year Single Tenant Industrial Lease in Tax Free State

Florida Water Products is a Well-Established Industrial Tenant – FWP is Among the Largest and Fastest Growing Distributors in the Industry

Florida Water Products is a Subsidiary of SRS Distribution, a Top 100 Private Company that has long Owned Distributors in Several Construction-Related Fields | SRS Revenue: $5.4B

 

 

Corporate Guaranteed Lease

  • Tenant has been Consistently Extending the Lease and Operating Successfully at this Location for 15+ Years
  • Florida Water Products is a Subsidiary of SRS Distribution – SRS Distribution was Named in the Top 80 of the 2021 Forbes’ Largest Private Companies List. SRS Distribution Reached $5.4 billion in Revenue by the Fiscal Year-End in October 2021, Earning the Company the 80th Spot of 225 Qualifying Companies.
  • NNN Industrial Property – Minimal Landlord Responsibilities, Which is Ideal for an Investor not Local to the Market
  • E-Commerce and Recession Proof Tenant
  • Excellent Opportunity to Invest in a Tenant with a Nationwide Presence at a Location with a Long Operating History

Pride of Ownership Property in Melbourne, FL

  • Dense, Infill Area with Over 100,000 Residents within 5 Miles of Subject Property
  • The Total Population of the Palm Bay-Melbourne-Titusville, FL MSA Metro is 568,080
  • Located in a Dense Industrial Area with other National Brands such as TruGreen Lawn Care, Dyn Corporation, Trane Supply, 84 Lumber, Pepperidge Farms, ProSource Wholesale, Gulfeagle Supply, and Many More within Close Proximity to the Subject Property
  • Located Just 10 Miles from Melbourne Orlando International Airport

Contact Information

James Andrews
Associate
Net Leased Properties Group
(949) 419-3302
james.andrews@marcusmillichap.com
License: CA 02115272

Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
craig.elster@marcusmillichap.com
License: CA 01958307