JM Real Estate is pleased to announce the sale of Granite Oaks, located at 1735 W Hibiscus in Melbourne Florida. The building was sold along with the adjacent land for $3.5M.
Rob Solito of JM Real Estate represented the buyer, Airspace Internet Exchange (AirspaceIX), in the transaction. AirspaceIX designs and assembles satellites and provides broadband internet. AirspaceIX is developing the next generation broadband wireless technology platforms and user terminals. They plan to occupy part of the building and expand their operations into the Space Coast. https://airspaceix.com/
“It was a pleasure to represent this innovative group and the Space Coast is the perfect location for their expansion. Our high-tech atmosphere and strong technical work force provide the right ingredients for a company like theirs,” said Rob Solito.
Granite Oaks is a three-story contemporary office building consisting of nearly 17,961 SF. The site is lush with towering oak trees and maintains a peaceful park-like setting. The adjacent 1.49-acre parcel was included in the sale bringing the land total to 2.96 acres. The building and land are situated behind Melbourne Square Mall and only 1.8 miles to Melbourne Orlando International Airport.
Michael Dreyer, of Dreyer and Associates represented the seller.
JM Real Estate, Inc., is a full-service commercial property management, leasing, sales, and investment acquisition company specializing in multi-tenant office, medical office, retail, and industrial properties located in Brevard County from Titusville to Palm Bay. For more information about JM Real Estate, Inc., contact Rob Solito at (321) 242-2882 or visit our website at www.JMRealEstate.com. JM Real Estate welcomes new business opportunities.
