Capeside Center

Strategic Space Coast Location: Located in the heart of Florida’s Space Coast, minutes from the Kennedy Space Center, the property benefits from sustained economic growth driven by aerospace, defense, and technology employers, including NASA and private spaceflight companies—supporting long-term demand for neighborhood retail.
Strong Demographic Growth & Income Profile: The trade area has experienced 9.8% population growth over the past five years within a 2-mile radius, supported by an average household income of $92,000 within a 5-mile radius, providing a strong and growing consumer base.
Under-Market Rents with Significant NOI Upside: In-place rents are well below current market levels, presenting a clear value-add opportunity through mark-to-market leasing and the ability to drive meaningful NOI growth over the hold period.
Florida Tax-Advantaged Investment Environment: Florida offers a highly favorable tax climate with no state income tax, business-friendly regulations, and continued in-migration, making it an attractive market for both local and out-of-state investors.
Attractive Basis Below Replacement Cost: The property is offered at an attractive basis of $170 per square foot, well below current replacement cost, providing downside protection and compelling value for investors seeking a strong entry point with long-term appreciation potential.

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