The Opportunity

IPA is pleased to present The Space Coast Two-Pack (Eastshore & Westshore), two luxury Class “A” rental assets totaling 520 units in Central Florida’s high-tech corridor of Melbourne-Palm Bay. This highly desirable area is ranked 2nd nationally for job growth in high-tech industries (41.6% increase over 5 years) and has reached elite status among a handful of tech titans such as Silicon Valley, Seattle, and Austin for the highest concentrations of Tech Job Share per capita. The offering is positioned primarily as a two-property portfolio, creating a compelling opportunity for new ownership to acquire immediate scale below replacement cost in a county rapidly emerging as America’s “launch pad” and a global leader in aerospace and defense. While a portfolio sale is preferred, individual asset acquisitions may also be considered. 

Key Investment Highlights

Incredible Portfolio Opportunity: ability to quickly acquire scale in the market (520 units)

Contiguous “Sister” Assets: two adjacent, similar vintage Class “A” deals (built 2023/2025) presenting outstanding operational efficiencies

Dynamic Central Florida Location: situated on FL’s “Space Coast” an area that has seen its population grow by nearly ~10% since 2020, only an hour from Orlando
Part of the “High-Tech” Jobs Corridor: 70% white-collar jobs within 5-mi. radius, home to aerospace, defense, education, & healthcare sectors

Proximity to Key Employers: less than 1-mi. from L3 Harris campus (~6,500 jobs) and minutes to others including Northrup Grumman, NASA, Space-X, Collins Aerospace, Renesas, HealthFirst, FL Institute of Technology, Port Canaveral, Patrick “Space Force” base, the Kennedy Space Center, and the new $600MM Blue Origin Expansion at their Rocket Park Campus, creating 500+ High-Paying Jobs

Unrivaled Lifestyle Offerings: walkability to planned retail next door (including a 14K SF food hall), 1-mile from a Publix supermarket, and 15-mins from the Atlantic Beaches

IPA Team

Shelton Granade

Shelton Granade

Executive Managing Director
License #: SL3042246
Luke Wickham

Luke Wickham

Senior Managing Director
License #: SL3170987
Justin Basquill

Justin Basquill

Sean Williams

Sean Williams

Erik Bjornson

Erik Bjornson

Senior Managing Director
License #: SL3196898
Tyler Nilsson

Tyler Nilsson

Senior Managing Director
License #: SL3299428
Brian Eisendrath

Brian Eisendrath

Executive Managing Director (Financing)
Cameron Chalfant

Cameron Chalfant

Senior Managing Director
(Financing)
Jake Vitta

Jake Vitta

Managing Director
(Financing)
Tyler Johnson

Tyler Johnson

Managing Director
(Financing)