Retail

Marketplace at Palm Bay - Palm Bay, FL

5270 Babcock St NE Palm Bay, Florida United States 32905-8630
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1986
Building Area
Land Area ()

Property Description

TEN-X Auction Sale:

Auction Registration < Click Here >


Jones Lang LaSalle (JLL), as exclusive broker, is pleased to offer the exceptional opportunity to acquire Marketplace at Palm Bay, a 149,752 square foot center located in Palm Bay, Florida.


The property is conveniently located with access to Interstate 95 (80,000 VPD) just 1.3 miles to the southwest and 2.2 miles to the northwest, allowing for superior connectivity to the entire Melbourne MSA, Orlando (60 miles northwest) and Miami (160 miles south).

Investment Highlights

·      Superior connectivity to the region and state 

·      Main grocer for a captive resident base

·      Frontage along heavily trafficked Babcock Street

·      Committed grocery anchor

·      Leasing momentum 

·      Health and wellness-oriented tenancy 

·      Exceptional tenant retention

·      Ease of access and cross shopping

·      Below replacement cost pricing


Last Updated Date: 11 Dec 2020
Brad Peterson
Brad Peterson
Senior Managing Director, Orlando Office Head
License details
FL-BK3162030 AL-000088844-0 GA-256948 NC-323216
Whitaker Leonhardt
Whitaker Leonhardt
Senior Director, Capital Markets
License details
FL-SL3221137

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+902129008658
Last Updated Date: 11 Dec 2020

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