PREMIER REDEVELOPMENT OPPORTUNITY SEARS IN MELBOURNE€¦ · RATE Coast approximately an hour south...

Post on 23-Sep-2020

0 views 0 download

Transcript of PREMIER REDEVELOPMENT OPPORTUNITY SEARS IN MELBOURNE€¦ · RATE Coast approximately an hour 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

CONTACTJohn Artope | 407.902.2621john.artope@srsre.com

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 throughits investment in its operating partnership, Seritage Growth Properties,L.P. Our portfolio contains 235 wholly-owned properties and 31 jointventure properties, consisting of approximately 42 million square feet ofbuilding space, which is broadly diversified by location across 49 statesand Puerto Rico. Pursuant to a master lease, 224 of our wholly-ownedproperties are leased to Sears Holdings and are operated under eitherthe Sears or K-Mart brand. Third parties under direct leases also occupya portion of the overall leasable space alongside Sears and Kmart.Additionally, 11 of our wholly-owned properties are leased entirely tothird parties. The master lease provides Seritage with rights to recapturecertain space from Sears Holdings at each property. In addition, Seritagehas 50% interests in 31 additional properties through our joint ventureinvestments with General Growth Properties (12 properties), SimonProperty Group (10 properties), and Macerich (nine properties) that arealso master leased to Sears Holdings.