Westshore Palm Bay (Palm Bay, FL)_Property for Sale
Westshore Palm Bay (Palm Bay, FL)_Property for Sale
2331 Commerce Park Drive Northeast, Palm Bay, FL, 32905, US

Westshore Palm Bay (Palm Bay, FL)

Asset description

Jones Lang LaSalle Americas, Inc (“JLL”) is pleased to exclusively present the opportunity to acquire Westshore Palm Bay, a newly constructed 248-unit luxury apartment community built in 2023 and located at 2331 Commerce Park Dr NE in Palm Bay, Florida. This stabilized asset represents a turnkey investment opportunity in the growing Space Coast region. Westshore Palm Bay features upscale interiors with granite countertops, stainless steel appliances, wood-like flooring, and quality cabinetry throughout all units. The property boasts an impressive array of community amenities including a 24-hour fitness center with on-demand virtual classes, a resort-style pool with sun shelf, a state-of-the-art clubhouse, and an 8-acre lake within a nature preserve.


The community benefits from its strategic location near I-95, providing convenient access to major employers such as L3Harris, Northrop Grumman, Collins Aerospace, and Patrick Space Force Base. Westshore Palm Bay’s combination of luxury finishes, comprehensive amenities, and proximity to key economic drivers positions it for strong performance and value appreciation in the expanding Space Coast market.

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Attributes

Units
248
Year built
2023
Building area net
23,086 sm
Parking spaces
507

Media

Investment highlights

  1. Top Orlando submarket with 21% population growth since 2010 within 1-mile
  2. Immediate Proximity to the Areas Top Employers Featuring L3 Harris, Northrup Grumman, Collins Aerospace, and more
  3. Exceptional Tenant Demographics with an Average Household Income of Nearly $95,000
  4. High-Quality, Stabilized New Construction Asset with Strong Performance Boasting a 96% leasing rate and 94% occupancy
  5. Unrivaled Access to Nearby Retail & Entertainment Including Hammock Landings and some of Florida's Top Beaches
  6. Excellent Connectivity and Access to Major Destinations Across Florida and the South East via Melbourne Orlando International Airport and I-95
Westshore Palm Bay (Palm Bay, FL) 4_Property for Sale
Westshore Palm Bay (Palm Bay, FL) 4_Property for Sale

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Westshore Palm Bay (Palm Bay, FL) (0 Properties)

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Last updated
Jan 13, 2025