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Multifamily

Dolphin Apartments

619 Peachtree St, Cocoa, FL 32922

Listing Price: $1,300,000

Cap Rate
5.56%
Number of Units
15
Price/Unit
$86,667
Price/Gross SF
$163.21
Gross SF
7,965

Investment Overview

Situated less than 6 miles from SpaceX’s Rocket & Assembly Site and 13 miles from the Launch & Landing Control Center

Investment Highlights

  • A 15-unit community consisting of one 13-unit apartment building and two single family homes in Cocoa, FL
  • Ability to achieve a more than 7% cap rate by implementing strategic renovations and removal of loss-to-lease
  • Opportunity to increase NOI 70% within 24 months
  • Located just minutes from the Indian River and 10 miles from Cocoa Beach and the Atlantic Ocean
  • Less than a mile from SR 520, a major thoroughfare that connects to I-95
  • Brevard County is Florida's fastest growing tech sector and second in the US according to the Capitolist
  • Brevard County has experienced a double-digit growth rate over the last 10 years
  • Located in Florida's "Space Coast"; home of NASA, SpaceX and Blue Origin

Exclusively Listed By

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Multifamily

Dolphin Apartments

Listing Price: $1,300,000

Cap Rate
5.56%
Number of Units
15
Price/Unit
$86,667
Price/Gross SF
$163.21
Gross SF
7,965

Investment Highlights

  • A 15-unit community consisting of one 13-unit apartment building and two single family homes in Cocoa, FL
  • Ability to achieve a more than 7% cap rate by implementing strategic renovations and removal of loss-to-lease
  • Opportunity to increase NOI 70% within 24 months
  • Located just minutes from the Indian River and 10 miles from Cocoa Beach and the Atlantic Ocean
  • Less than a mile from SR 520, a major thoroughfare that connects to I-95
  • Brevard County is Florida's fastest growing tech sector and second in the US according to the Capitolist
  • Brevard County has experienced a double-digit growth rate over the last 10 years
  • Located in Florida's "Space Coast"; home of NASA, SpaceX and Blue Origin

Investment Overview

Situated less than 6 miles from SpaceX’s Rocket & Assembly Site and 13 miles from the Launch & Landing Control Center

Exclusively Listed By

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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