Wednesday, October 22, 2014

CBRE Orlando Lists Wickham Commons Office Building for Sale in Melbourne, FL





ORLANDO, FL -- CBRE, Inc. is the exclusive marketing broker for Wickham Commons, a six building offering located in Melbourne Florida. Excellent access to Interstate-95, strong occupancy and high quality nearby amenities make Wickham Commons an attractive investment.

 Investment Highlights • Credit tenants include Walgreens, Bank of America Merrill Lynch, and Brevard Community College.

Ronald J. Rogg
• NNN lease structure provides ownership a hedge against operating expense increases.
 • Brevard County office vacancy rate is only 10.4% as of 2Q 2014 (CoStar Office Market Report).
 • Well positioned to take advantage of Northrop Grumman expansion and Embraer building its second assembly plant.
• Significant upside in lease up of vacant space.
• NOI projected to grow 46% over the next 5 years.
• Strong in-place income unencumbered by debt.
• Superior location and excellent access to Interstate-95.
• Lack of available land and rising labor and construction costs creates a barrier to entry resulting in an excellent in-fill site.
• Approximately 60 minutes from Orlando International Airport.
• Can be acquired at well below replacement cost.
• Diversified nearby amenities including restaurants, shopping, personal services and recreation


For a complete copy of the company’s news release, please contact:

Ronald J. Rogg, CCIM
Executive Vice President
+1 407 839 3194

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