premier redevelopment opportunity sears in melbourne
TRANSCRIPT
This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof.
PREMIER REDEVELOPMENT OPPORTUNITYSEARS IN MELBOURNE1050 S Babcock St, Melbourne, FL 32901
SRS Real Estate Partners | 200 S. Orange Ave., Suite 1300 | Orlando, FL 32801 | 407.455.5030
SRSRE.COM
CONTACTJOHN ARTOPE | [email protected]
AVAILABLE GLA50,860 SF div 61,990 SF11,130 SF div
RATE Call for Rates
DEMOGRAPHICS 3 Mile 5 Mile 10 MileTotal Population 52,613 121,605 250,1112020 Growth 0.68% 0.69% 0.79%Avg. HH Income $46,812 $50,349 $58,325Daytime Population 29,000 52,944 110,867Year: 2016 | Source: ESRI
TRAFFIC COUNTSNasa Blvd 18,500 VPDBabcock St 21,000 VPDYear: 2015 | Source: FL DOT
DESCRIPTION• 50,860 SF For Lease, ability to subdivide• 11,130 SF Auto Center For Lease, ability to subdivide• The City of Melbourne is located on East Central Florida’s Space Coast approximately an hour south of the Kennedy Space Center, and 1-1/2 hours due east of Disney World• I-95 runs through the county from north-to-south
This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof.
PREMIER REDEVELOPMENT OPPORTUNITYSEARS IN MELBOURNE1050 S Babcock St, Melbourne, FL 32901
SRS Real Estate Partners | 200 S. Orange Ave., Suite 1300 | Orlando, FL 32801 | 407.455.5030
SRSRE.COM
This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof.
PREMIER REDEVELOPMENT OPPORTUNITYSEARS IN MELBOURNE1050 S Babcock St, Melbourne, FL 32901
SRS Real Estate Partners | 200 S. Orange Ave., Suite 1300 | Orlando, FL 32801 | 407.455.5030
SRSRE.COM
This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof.
PREMIER REDEVELOPMENT OPPORTUNITYSEARS IN MELBOURNE1050 S Babcock St, Melbourne, FL 32901
SRS Real Estate Partners |
SRSRE.COM
This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof.
PREMIER REDEVELOPMENT OPPORTUNITYSEARS IN MELBOURNE1050 S Babcock St, Melbourne, FL 32901
SRS Real Estate Partners | 200 S. Orange Ave., Suite 1300 | Orlando, FL 32801 | 407.455.5030
SRSRE.COM
Seritage Growth Properties is a publicly traded, self-administered, self-managed REIT primarily engaged in the real property business through its investment in its operating partnership, Seritage Growth Properties, L.P. Our portfolio contains 235 wholly-owned properties and 31 joint venture properties, consisting of approximately 42 million square feet of building space, which is broadly diversified by location across 49 states and Puerto Rico. Pursuant to a master lease, 224 of our wholly-owned properties are leased to Sears Holdings and are operated under either the Sears or K-Mart brand. Third parties under direct leases also occupy a portion of the overall leasable space alongside Sears and Kmart. Additionally, 11 of our wholly-owned properties are leased entirely to third parties. The master lease provides Seritage with rights to recapture certain space from Sears Holdings at each property. In addition, Seritage has 50% interests in 31 additional properties through our joint venture investments with General Growth Properties (12 properties), Simon Property Group (10 properties), and Macerich (nine properties) that are also master leased to Sears Holdings.