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$12,900,000
Est. payment /mo
60,050 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 60,050 sqft
Price per Sqft $214
MLS Listing ID A11825626
HOA Y/N No
Year Built 2008
Annual Tax Amount $211,573
Lot Size 0.660 Acres
Property Sub-Type Office
Property Description
The property consists of a 60,050 SF Class A, three-story office building with 58,786 SF of leasable space and a two-level parking garage. An owner-user has the opportunity to immediately occupy a fully built-out 15,273 SF office suite, while seven long-term tenants provide strong in-place income to offset ownership costs. The property offers a 5.2% in-place cap rate with the potential to achieve an approximately 9.5% pro forma cap rate once 100% occupied. Over $1.7mil in recent renovations and high-end corporate build-out, this property presents a rare combination of turnkey owner-user occupancy and investment upside with no deferred maintenance.
Location
State FL
County Palm Beach
Area 4390
Exterior
Private Pool Yes
Building
Story 3
Others
Tax ID 06424701030080020
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11825626
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Listed by RE/MAX 5 Star Realty
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Monica Brisson
Broker Associate | License ID: 0645316
Broker Associate License ID: 0645316