2840 – 2850 Allen Hill Ave, Melbourne, FL, 32940
Location
Melbourne, FL
Size
13,875 SF
Status
Current Investment
Deal Type
Light Industrial
Description
The Property was built in 1998 and consists of two buildings totaling 13,875 SF of RBA on 1.04 acres, improved with 8 units ranging from 1,500–1,875 SF and a 2,000 SF fenced outdoor storage yard.
Each unit is functionally configured with one drive-in door, one bathroom, and an individual office, a layout well-suited to the light manufacturing, contractor, and service-based tenancy that defines small-bay demand in this submarket.
The Property is located in the Melbourne / 32940 submarket of Brevard County, Florida's “Space Coast” — one of the most supply-constrained industrial pockets in the state, with sub-4% vacancy. Unlike much of Florida's industrial base, demand in this corridor is anchored by a durable, high-wage aerospace and defense employment cluster rather than tourism or generic logistics.
Southpaw Capital acquired the property in August of 2026.
