Proper CRE Acquires Prime Industrial Asset in Florida’s Space Coast Region

ROCKLEDGE, FL – May 28, 2025 – Proper CRE is proud to announce its recent acquisition of an industrial facility located in the heart of Florida’s Space Coast Region. The property contains over 22,000 leased square feet, with excess land for development – strategically positioned to capitalize on the Space Coast’s continued economic momentum. 

The facility offers a perfect mix of two story private and open office space with more than 20,000 square feet of 75′ clear span warehouse featuring 22′ clear height, six large 14’+ overhead doors and roughly one acre of stabilized land for future expansion or industrial outside storage use. 

“This asset is a rare blend of our Evergreen and Value Add investment strategies. It’s a reflection of Proper CRE’s commitment to identifying and securing well-located, income-producing assets with long-term upside,” said Jon Heldenbrand, Managing Partner of Proper CRE. “It also offers built-in value with the opportunity to optimize the under-market lease rates and utilize the back acreage for additional revenue-generating uses.” 

The current tenant, a respected engineering and design-build firm, serves an elite client base that includes Disney, Universal Studios, and SeaWorld, among others. Their proven track record and operational stability ensure a reliable cash flow for the foreseeable future. 

“The fundamentals of this asset are rock solid—functionally, financially, and geographically,” said John Blanton, Partner of Proper CRE. “Its central location within one of Florida’s most dynamic industrial markets, combined with below-market tenancy and future expansion potential, creates an exceptional investment profile.” 

Media Contact: 

Jon Heldebrand 

Jon@ProperCRE.com  

About Proper CRE: 

Proper CRE specializes in identifying and developing high-growth commercial opportunities, delivering exceptional value to our clients and partners. For more information, visit https://www.propercre.com/