Hold-Thyssen Closes $1.15 Million Retail Investment Sale of Historic Intercoastal Storefront in Melbourne

Melbourne, Fla.  --- Hold-Thyssen, Inc., a full service commercial property firm based in Winter Park, recently overcame several obstacles and multiple delays to close on the $1,150,000 sale of an historic intercoastal storefront building at 559-569 W. Eau Gallie Blvd. in Melbourne.   

  

Saxon Evans, director of investment sales at Hold-Thyssen, who brokered the sale on behalf of Seller Highland Investment LLLP, said the art district property comprised of six suites including the owner’s office is fully leased to artsy tenants.  Numerous improvements have been made to the 7,550 square foot retail building located a couple of blocks from the causeway over the intercoastal waterway.    

Buyer Delray Beach-based Kahilt Corp. also owns over 15 other properties in Florida and plans to continue leasing this property to current and future tenants. The 0.2 acre site offers street parking on both Eau Gallie Blvd. and Highland Ave., a high profile, signalized corner.

“The deal took about two years from listing to closing,” Evans explained. “Due to the seller’s long ownership, challenging issues were worked through especially missing documentation that was located, verified and reissued up until the last minute before closing. We couldn’t have done it without the help of good sellers and an understanding buyer.”    

Hold-Thyssen provides commercial property brokerage, leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current management portfolio includes more that 100 commercial properties throughout the United States.

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