NASA Corporate Centre Lot 4 Sells for $1.65M in Melbourne

A deed recorded September 2, 2026 in Brevard County Official Records transferred Lot 4 of NASA Corporate Centre Phase 1 for $1,650,000. The grantor is Michael A. Bandish. The grantee is PPAF Melbourne LLC. The instrument number is 2026181760, filed at OR Book 10718, Page 1649, per the Brevard Clerk of Courts.

What the deed does not tell us: the building's square footage, its current use, and whether PPAF Melbourne LLC is an owner-user or an investor holding for income. The LLC name does not match a publicly known operating company in Brevard, and no square footage or building description appears in the clerk-indexed legal description. That limits what can be said about price per square foot or cap rate. Both would require numbers this record does not provide.

What the Location Tells You

NASA Corporate Centre is a master-planned business park in Melbourne, situated in the established aerospace and technology corridor that runs along the US 1 and Wickham Road area near Melbourne Orlando International Airport. It is not a random suburban office park. The park was built to attract contractors and technology firms with proximity to Kennedy Space Center, Patrick Space Force Base, and the broader defense and aerospace tenant base that drives Melbourne's commercial office and flex market.

Phase 1 of the development has been occupied for years. A new deed transfer here is not a ground-up play. This is an existing asset changing hands, either a building, a pad, or an improved lot within a platted subdivision per PB 40, PG 13 in Brevard's plat records.

At $1,650,000, the consideration is sized for a small professional building or a single-tenant flex or office product. It is not land-only pricing at that number, though without confirmed square footage that remains a qualitative read, not a verified calculation.

RCRE Take

NASA Corporate Centre trades quietly. Deals there rarely generate press releases. When something moves in that park, it is usually an existing user right-sizing, a defense contractor needing a discrete location, or an investor who understands the tenant base and the stability of the surrounding employment. The $1.65M price puts this in a range where owner-users and smaller investors are both plausible buyers.

PPAF Melbourne LLC is worth watching. If they are acquiring for occupancy, it tells you something about the demand side: a buyer willing to purchase rather than lease in this corridor, at this price, at a moment when aerospace employment in Brevard is well above its pre-2020 baseline. If they are a passive investor, it tells you the income profile looked stable enough to buy.

The thing I cannot tell you yet is which one it is. The public record gives us the consideration and the lot. It does not give us the motivation. On requirements I am working right now in Melbourne's professional corridor, the constraint is almost never price. It is configuration: covered parking, fiber access, proximity to the airport, and whether the building can accommodate a cleared facility. If PPAF is an owner-user, those factors drove the decision more than the sticker.

Submarket Context

NASA Corporate Centre Phase 1 competes with a limited number of similarly positioned business parks in Melbourne's established professional corridor. The submarket draws tenants that need proximity to the Space Force base, Kennedy Space Center, or Melbourne Orlando International Airport, and it is distinct from Downtown Melbourne's New Haven Avenue office product and from the EGAD corridor. These are different tenant profiles, different lease structures, and different competitive sets.

Professional and flex product in this corridor sells infrequently. When it does move, it tends to be off-market or lightly marketed, which means the public deed record is often the only way to track it. The Bandish-to-PPAF transfer is a reminder that deals in established aerospace-adjacent parks do not always surface through listing platforms before they close.

If you own office or flex product in Melbourne's professional corridor and have not had a current valuation conversation, this transaction is a reasonable prompt. If you are a buyer or tenant looking at options in this submarket, reviewing office space for sale in Brevard and office space for lease in Brevard gives you a starting point for what is actually listed and available.

If you are working a requirement in the Melbourne aerospace corridor, or you own an asset there and want to understand what this transaction means for your position, reach out before the next deed transfer catches you off guard. Call 321-514-0876 or contact RCRE directly. We track what the public record shows and we know the buildings.

Frequently Asked Questions

What is NASA Corporate Centre Phase 1 in Melbourne, Florida?

NASA Corporate Centre is a master-planned business park in Melbourne positioned along the aerospace and technology corridor near Melbourne Orlando International Airport, Kennedy Space Center, and Patrick Space Force Base. It was developed to attract defense contractors, aerospace firms, and professional tenants requiring proximity to those employment anchors.

Who are PPAF Melbourne LLC and Michael A. Bandish in this transaction?

Michael A. Bandish was the grantor on the deed recorded September 2, 2026. PPAF Melbourne LLC is the acquiring entity. Beyond what appears in the Brevard Clerk's official records, the identities, motivations, and business affiliations of either party are unconfirmed in the public record.

How do I find out what sold for $1.65M in NASA Corporate Centre?

The Brevard County Clerk of Courts official records confirm the consideration and legal description for Lot 4, PB 40, PG 13. Building square footage and use are not clerk-indexed in the deed record. The Brevard County Property Appraiser's office database is the next step for building details tied to that parcel.

Is NASA Corporate Centre an industrial or office submarket?

NASA Corporate Centre accommodates both professional office and flex product. The park's proximity to the airport and defense-adjacent employers means tenants include contractors, technology firms, and professional services. Individual buildings vary in configuration, which is why verifying the specific asset class for any given parcel matters before drawing comparisons.

How often do properties in Melbourne's aerospace corridor trade?

Turnover in established business parks like NASA Corporate Centre is infrequent. Transactions there often close off-market or with minimal marketing exposure, which means the public deed record is frequently the first and only indication that a property changed hands.

Sources

• Brevard County Clerk of Courts, Official Records: Deed recorded 2026-09-02, OR Book 10718, Page 1649, Instrument 2026181760, confirming grantor, grantee, consideration of $1,650,000, and legal description for Lot 4, NASA Corporate Centre Phase 1, PB 40, PG 13.

Frequently Asked Questions

Written by Cassandra Hartford, founder and CEO of Reach Commercial Real Estate. She has worked in Brevard County commercial real estate for 18 years, representing buyers, sellers, landlords, and tenants across Florida's Space Coast.