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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