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Office Warehouse

United Parcel Service (NYSE: UPS) l Below Market Rents | FMV Option

2730 Kirby Cir NE, Palm Bay, FL 32905, Palm Bay, FL 32905

Listing Price: $14,000,000

Cap Rate
5.62%
Gross SF
99,000
Price/Gross SF
$141.41
Lot Size
6.00 acres
Year Built
1978
Rentable SF
99,000

Investment Overview

• Corporate Lease with United Parcel Service, Inc
- One of the World’s Largest Shipping Courier
• Publicly Traded Tenant (NYSE: UPS) | Fortune 500 Company
- $88.7 Billion 2025 Revenue | Historically Ranked in the top 50

• New 5-Yr NNN Lease | Fair Market Value Renewal Option
- 3% Annual Rental Increases | Minimal Landlord Responsibilities

• Below Market Rents with Near-Term Future Upside
- Current Rents: $7.95/ft | CoStar Estimated Rents: $11.62/ft+

• Longstanding Tenant with 40+ Years Historical Occupancy
- Established Market Prescence | Continued Lease Renewals

• Proximity to Major Transportation Corridors | I-95 & U.S. 1
- Enables Efficient Delivery Capabilities | 6 Miles to MLB Airport

• Highly Functional Site Configuration and Building Layout
- Wraparound Truck Court, Ingress/Egress, Fuel Island, Drive-In Bays

• Florida’s Space Coast Home to Top Space/Aeronautics Companies
- SpaceX, Blue Origin, Boeing, Lockheed Martin & L3 Harris

• Melbourne, FL MSA | One of the Fastest Growing Areas in FL
- Over 300,000 Residents with a 10-Mile Radius

• Florida is an Income Tax Free State
- Ideal Passive Investment for Out of Market Ownership

Investment Highlights

  • • Corporate Lease with United Parcel Service, Inc - One of the World's Largest Shipping Couriers
  • • Publicly Traded Tenant (NYSE: UPS) | Fortune 500 Company - $88.7 Billion 2025 Revenue | Historically Ranked in the top 5
  • • New 5-Yr NNN Lease | Fair Market Value Renewal Option - 3% Annual Rental Increases | Minimal Landlord Responsibilities
  • • Below Market Rents with Near-Term Future Upside - Current Rents: $7.95/ft | CoStar Estimated Rents: $11.62/ft+
  • • Longstanding Tenant with 40+ Years Historical Occupancy - Established Market Prescence | Continued Lease Renewals
  • • Proximity to Major Transportation Corridors | I-95 & U.S. 1 - Enables Efficient Delivery Capabilities | 6 Miles to MLB Airport
  • • Highly Functional Site Configuration and Building Layout - Wraparound Truck Court, Ingress/Egress, Fuel Island, Drive-In Bays
  • • Florida's Space Coast Home to Top Space/Aeronautics Companies - SpaceX, Blue Origin, Boeing, Lockheed Martin & L3 Harris

Exclusively Listed By

Financing By

Office Warehouse

United Parcel Service (NYSE: UPS) l Below Market Rents | FMV Option

Listing Price: $14,000,000

Cap Rate
5.62%
Gross SF
99,000
Price/Gross SF
$141.41
Lot Size
6.00 acres
Year Built
1978
Rentable SF
99,000

Investment Highlights

  • • Corporate Lease with United Parcel Service, Inc - One of the World's Largest Shipping Couriers
  • • Publicly Traded Tenant (NYSE: UPS) | Fortune 500 Company - $88.7 Billion 2025 Revenue | Historically Ranked in the top 5
  • • New 5-Yr NNN Lease | Fair Market Value Renewal Option - 3% Annual Rental Increases | Minimal Landlord Responsibilities
  • • Below Market Rents with Near-Term Future Upside - Current Rents: $7.95/ft | CoStar Estimated Rents: $11.62/ft+
  • • Longstanding Tenant with 40+ Years Historical Occupancy - Established Market Prescence | Continued Lease Renewals
  • • Proximity to Major Transportation Corridors | I-95 & U.S. 1 - Enables Efficient Delivery Capabilities | 6 Miles to MLB Airport
  • • Highly Functional Site Configuration and Building Layout - Wraparound Truck Court, Ingress/Egress, Fuel Island, Drive-In Bays
  • • Florida's Space Coast Home to Top Space/Aeronautics Companies - SpaceX, Blue Origin, Boeing, Lockheed Martin & L3 Harris

Investment Overview

• Corporate Lease with United Parcel Service, Inc - One of the World’s Largest Shipping Courier • Publicly Traded Tenant (NYSE: UPS) | Fortune 500 Company - $88.7 Billion 2025 Revenue | Historically Ranked in the top 50 • New 5-Yr NNN Lease | Fair Market Value Renewal Option - 3% Annual Rental Increases | Minimal Landlord Responsibilities • Below Market Rents with Near-Term Future Upside - Current Rents: $7.95/ft | CoStar Estimated Rents: $11.62/ft+ • Longstanding Tenant with 40+ Years Historical Occupancy - Established Market Prescence | Continued Lease Renewals • Proximity to Major Transportation Corridors | I-95 & U.S. 1 - Enables Efficient Delivery Capabilities | 6 Miles to MLB Airport • Highly Functional Site Configuration and Building Layout - Wraparound Truck Court, Ingress/Egress, Fuel Island, Drive-In Bays • Florida’s Space Coast Home to Top Space/Aeronautics Companies - SpaceX, Blue Origin, Boeing, Lockheed Martin & L3 Harris • Melbourne, FL MSA | One of the Fastest Growing Areas in FL - Over 300,000 Residents with a 10-Mile Radius • Florida is an Income Tax Free State - Ideal Passive Investment for Out of Market Ownership

Exclusively Listed By

Financing By

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