Florida Space Coast Investment Portfolio | Medical/Flex/Office/Retail Investment Opportunity
For more information as well as the offering memorandum, please visit the property website here or contact Joe Rossi, CCIM at (407) 230-2809.
Offering Overview
The Opportunity
Colliers, on behalf of ownership, is pleased to present a premier portfolio of well-occupied medical, flex, office, and retail properties strategically located throughout Melbourne, FL. Represented by Joe Rossi, CCIM, and Scott Brenner, CCIM, this portfolio presents an exceptional investment opportunity with stable cash flow, high occupancy, and long-term growth potential in one of Florida’s most dynamic markets.
Diverse Portfolio of Medical, Flex, Office & Retail Assets
This portfolio comprises a mix of medical, flex, office and retail properties strategically positioned across Melbourne, FL, ensuring stable cash flow and investment security.
Strong Occupancy & Established Tenancy
All properties enjoy high occupancy rates, with a mix of national and regional tenants, providing reliable income streams and tenant longevity.
Prime Locations with High Visibility & Accessibility
Imperial Plaza - 6765-6769 N Wickham Rd, Melbourne, FL: High-traffic office/retail location in a well-established commercial district.
Melbourne Corporate Center - 1775 W Hibiscus Blvd, Melbourne, FL: Premier office space with proximity to Melbourne International Airport and key employment centers.
Hibiscus Professional Center - 129 W Hibiscus Blvd, Melbourne, FL: Centrally located medical/flex space near major business hubs and healthcare facilities.
Rivercrest Professional Center - 3440-3594 N Harbor City Blvd, Melbourne, FL: Excellent flex/office space with waterfront visibility along US-1, benefiting from high traffic counts and exposure.
Centre at Suntree - 6300 N Wickham Rd, Melbourne, FL: Medical/Retail Center located in a dense retail corridor, surrounded by national retailers and strong residential demographics.
Economic Strength & Market Growth
Melbourne is a key economic hub in Florida’s Space Coast, with a strong employment base in aerospace, avionics, defense, technology, and healthcare, ensuring continued demand for office and retail space.
Stable Cash Flow & Value-Add Potential
With a well-performing occupancy rate and strong tenant retention, investors benefit from immediate cash flow with potential upside through lease-up of remaining vacancies, rental rate mark-to-market, and continued rental rate growth.
Proximity to Major Employers & Institutions
The properties are strategically located near major employers, including L3Harris, Northrop Grumman, Health First, and the Florida Institute of Technology, driving consistent demand for commercial real estate.
Immediate Economies of Scale
The portfolio offers a new-to-market or existing property buyer the ability to realize immediate economies of scale with their ownership on the Space Coast.
Proximity to Major Thoroughfares
The recently completed I-4 Ultimate project has alleviated congestion and traffic tie-ups providing outstanding access to workforce housing throughout the Orlando metro area. The Property provides immediate access to major thoroughfares and best-of-market amenity base, including restaurants, hotels, and fitness centers.
Discount to Replacement Cost
At our expected sale price, the portfolio provides an investor critical mass in the market at a cost basis that is significantly below replacement cost.
This portfolio presents a rare opportunity to acquire a diversified, well-occupied investment in one of Florida’s fastest-growing markets.
South Orlando Industrial Site | 168.3± Gross Acres | Development Opportunity
For more information as well as the offering memorandum, please visit the property website here or contact Joe Rossi, CCIM at (407) 230-2809.
Offering Overview
The Opportunity
Colliers, as exclusive agent for Orlando Utilities Commission (“OUC”), is pleased to offer the rare opportunity to acquire the fee simple interest in a prime 168.3± gross acre (133.7± usable acre) infill industrial development site located in the Orlando MSA (the “Site”). Orlando is one of the fastest growing and most dynamic business environments in the United States providing ideal conditions for future industrial development to fuel our rapid population growth.
Wedged directly in between Prologis Park at AIPO (Airport Industrial Park Orlando) to the north and Jetport Industrial Park to the south, the Site is located just east of Orange Avenue with direct access from 489.2 linear feet of frontage on Wetherbee Road. It benefits from easy access to two of Orlando’s main arterials, the Central Florida GreeneWay (FL 417) and Florida’s Turnpike (FL 91) and is less than a 10-minute drive to the Orlando International Airport (MCO). MCO is now the nation’s 2nd largest airport (for origination/destination traffic) and the busiest airport in Florida with a record of 57.7 million passengers in 2023, a 15.1% increase over 2022. The estimated annual economic impact from the airport alone is over $41 billion and growing, with the $4.2 billion Phase I expansion now complete and fully operational.
Recently annexed into the City of Orlando, the Site consists of 3 tax parcels containing 165.3± acres with most of the Site zoned I-G (Industrial General District), and a small portion containing the remaining wetlands zoned C (Conservation District). The future land use for most of the Site is INDUST (Industrial) with a small portion containing the remaining wetlands C (Conservation). In addition, 2 vacated Right of Ways will likely be included in the sale of the property and contain approximately 3.0± acres.
Location Overview
The Site is strategically located just off Orange Avenue, with direct access from Wetherbee Road. Access to the traffic signal at the interchange of Wetherbee Road and Orange Avenue is just 1,000 linear feet to the north. Access to the traffic signal at the interchange of Wetherbee Road and East Wetherbee Road is less than one mile to the south.
The property is approximately 6.5 miles from I-4, which is accessible via FL-417 or Florida’s Turnpike (FL-91). The highway access connects the property to Orlando and surrounding Central Florida markets. The Site is approximately 3.8 miles from Orlando International Airport and 9.3 miles from Downtown Orlando.
Interest Offered
Colliers is offering the fee simple interest in OUC’s ±168.3-acre development site located in the Orlando MSA, on an “as-is, where-is” basis to select industrial developers.
Site Inspections and Due Diligence Information
All questions regarding the offering of the Site should be directed to Colliers who will also respond to all requests for Site tours.
Colliers has compiled Due Diligence relating to the Site that is available for review through a virtual data room that is available to prospective purchasers.
Offering Terms
The Site is being offered without an asking price.