Key Location Features:

• Important

The current Rent per square foot is $9.37/sf. The Melbourne Market Rent/sf is $25/sf. This is displayed in rent comps. There is a significant upside here. 3 of the 4 current leases are modified gross leases. That means the landlord pays the property taxes, insurance, common
area and maintenance as well as is responsible for the HVAC units maintenance, repair, and replacement. That means a new owner can pass all of those responsibilities to the tenants like a standard retail center and significantly increase their net operating income. The leases should all be NNN leases.

• Potential Uses:

While already serving multiple tenants, this space is versatile and ideally suited for additional retail shops or professional office spaces. Its prime location on Sarno Road and proximity to key city landmarks make it a fitting choice for businesses aiming to establish a prominent presence in Melbourne.

• Proximity to Melbourne Beach: A mere 10 minutes away from the pristine Melbourne Beach, ensuring an ever-present influx of both locals and tourists.
• Connectivity: Located just 20 minutes north of Melbourne Airport, this property provides exceptional accessibility for businesses with regional and national connections.
• Diverse Tenant Base: Currently hosting four tenants, demonstrating the property's adaptability and appeal to a range of businesses.
• Ample Parking: With 16 dedicated parking spaces, visitors and staff will enjoy the convenience of hassle-free parking, a premium feature in such a prime location.
• Conclusion:  

2133 Sarno Road isn’t just a commercial property; it's a statement. A testament to strategic location, accessibility, and untapped potential. For the discerning investor