Senior Broker Associates Jewel McDonald and Joseph Poirier of JM Real Estate are pleased to announce the $15.375M sale of Wickham Commons Office Park, a 6-building office park located in the Suntree/Viera area of Brevard County. Real Capital Solutions (RCS) purchased the property in 2019 and selected JM Real Estate to provide property management and leasing services for the asset. Joe Poirier was assigned as the leasing agent for the office park and executed lease transactions totaling nearly 26,000 square feet over the last 3 years bringing the asset to 96% occupancy at the time of the sale. Jill Cervini, JM’s lead property manager, oversaw the project management for the new tenant buildouts along with handling the day-to-day operations of the complex. The 9.34 +/- acre asset was purchased by V3 Melbourne Office, LLC based in Apopka, Florida.
“This was a complex transaction with six separate buildings on individual parcels and seventeen tenants,” stated Joe Poirier.
Wickham Commons is a prestigious office complex in Viera with a beautiful park like setting complete with oak and palm trees. The six buildings totaling 82,751 square feet received more than $1M in renovations during the ownership of RCS. Of the six (6) buildings, five (5) are single story and the sixth (6th) is a two-story building. The central location of the property and close proximity to I-95 is ideal for any business seeking a presence in Bevard County and the growing Viera market. Nearby Patrick Air Force Base is in close proximity for defense industry clients.
Real Capital Solutions is a highly entrepreneurial real estate company that invests smart capital and provides practical solutions for real estate opportunities. For over 30 years, RCS has achieved great success investing in entrepreneurial real estate ventures. During that time, the company has purchased and managed more than 325 real estate assets, totaling approximately $3.5 billion in acquisition value. RCS currently has $1.5 billion in Assets Under Management.
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.