offering summary completely renovated office building ...€¦ · completely renovated office...
Post on 17-Oct-2020
6 Views
Preview:
TRANSCRIPT
OFFERING SUMMARY
COMPLETELY RENOVATED OFFICE BUILDING
North Palm Beach, Florida
4 CONTIGUOUS STORIES OF APPROXIMATELY 23,200 4 CONTIGUOUS STORIES OF APPROXIMATELY 23,200 4 CONTIGUOUS STORIES OF APPROXIMATELY 23,200 4 CONTIGUOUS STORIES OF APPROXIMATELY 23,200 RSFRSFRSFRSF
RE/MAX Prestige Realty – Commercial Division301 Clematis Street | West Palm Beach, FL 33401
Fletcher BaldwinO: 561.932.0444
FletcherBaldwin@rpcommercial.net
Coldwell Banker Jupiter Beach 1061 E. Indiantown Rd. Ste 100 | Jupiter FL 33477
Kristen Danzig Jessica HarlanM: 561.398.5931 M: 248.807.1999kdinflorida@gmail.com jessica.harlan@floridamoves.com
EXCLUSIVELY REPRESENTED BY:
Ideal for entire building Ideal for entire building Ideal for entire building Ideal for entire building user user user user oooor investorr investorr investorr investor
Contemporary Contemporary Contemporary Contemporary finishes with unique interior featuresfinishes with unique interior featuresfinishes with unique interior featuresfinishes with unique interior features
Combining the luxuries of a stateCombining the luxuries of a stateCombining the luxuries of a stateCombining the luxuries of a state----ofofofof----thethethethe----art facility and the art facility and the art facility and the art facility and the
convenience of a neighborhood officeconvenience of a neighborhood officeconvenience of a neighborhood officeconvenience of a neighborhood office
For Sale:
$4,950,000.
© 2017 RE/MAX Prestige Realty. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation
about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your
advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the
property of their respective owners and use of these images without the express written consent of the owner is prohibited.
RE/MAX Prestige Realty - Commercial Division | 301 Clematis Street | West Palm Beach, FL 33401Coldwell Banker Jupiter Beach | 1061 E. Indiantown Rd. Ste. 100 | Jupiter FL 33477
GENERALGENERALGENERALGENERAL DETAILSDETAILSDETAILSDETAILS
PROPERTYPROPERTYPROPERTYPROPERTY ADDRESS:ADDRESS:ADDRESS:ADDRESS: 630 U.S. Highway 1
North Palm Beach, FL 33408
TOTAL BUILDING SIZE:TOTAL BUILDING SIZE:TOTAL BUILDING SIZE:TOTAL BUILDING SIZE: 23,200+/- SF
TOTAL LAND SIZE:TOTAL LAND SIZE:TOTAL LAND SIZE:TOTAL LAND SIZE: .86+/- AC (37,380 SF)
PARCEL CONTROL #’s:PARCEL CONTROL #’s:PARCEL CONTROL #’s:PARCEL CONTROL #’s: 68-43-42-09-01-073-0010
ZONING DISTRICT:ZONING DISTRICT:ZONING DISTRICT:ZONING DISTRICT: CA - Commercial (68-N Palm
Beach)
LAND USE:LAND USE:LAND USE:LAND USE: 1800 – Office Multistory
YEAR BUILT:YEAR BUILT:YEAR BUILT:YEAR BUILT:
COMPLETELY RENOVATED:COMPLETELY RENOVATED:COMPLETELY RENOVATED:COMPLETELY RENOVATED:
1975
2015-16
FLOORS:FLOORS:FLOORS:FLOORS: 4
TYPICAL FLOOR PLATE:TYPICAL FLOOR PLATE:TYPICAL FLOOR PLATE:TYPICAL FLOOR PLATE: 5,800 SF
ELEVATORS:ELEVATORS:ELEVATORS:ELEVATORS: 2
PARKING:PARKING:PARKING:PARKING: 3.4/1,000
CLASS:CLASS:CLASS:CLASS: B
ENTRY:ENTRY:ENTRY:ENTRY: 24/7 Access monitored.
TOTAL REALTOTAL REALTOTAL REALTOTAL REAL
ESTATE TAXES (2017):ESTATE TAXES (2017):ESTATE TAXES (2017):ESTATE TAXES (2017):
$84,278
MARKET:MARKET:MARKET:MARKET: North Palm Beach/Palm Beach
Gardens
LOCATION: LOCATION: LOCATION: LOCATION: East side of US Highway One,
1+/- mile north of Northlake
Blvd, with views/frontage on a
navigable canal leading to the
Intracoastal Waterway.
Predominantly office context,
in a highly desirable area near
upscale neighborhoods and
3+/- miles from I-95 with easy
access points.
MAJOR AIRPORTS:MAJOR AIRPORTS:MAJOR AIRPORTS:MAJOR AIRPORTS: Palm Beach Intl 9.8 miles
Fort Lauderdale Intl 52 miles
Miami Intl 72 miles
FIRE STATION:FIRE STATION:FIRE STATION:FIRE STATION: North Palm Beach Fire Rescue
560 US HWY 1, NPBch, FL
SALE PRICE: SALE PRICE: SALE PRICE: SALE PRICE: $4,950,000$4,950,000$4,950,000$4,950,000....
HIGHLIGHTSHIGHLIGHTSHIGHLIGHTSHIGHLIGHTS
24/7 state of the art security monitoring
193+/- feet of prime US Highway One frontage
Beautiful water views and abundant natural light
Fantastic location for company headquarters or
corporate site. Located on the east side of US
Highway 1, between Northlake and PGA Blvd, in
prestigious northeastern Palm Beach County. The
property has been very well maintained since it
was completely renovated in 2015-16. Water
views accent the building’s Corinthian inspired
exterior.
RE/MAX Prestige Realty - Commercial Division | 301 Clematis Street | West Palm Beach, FL 33401Coldwell Banker Jupiter Beach | 1061 E. Indiantown Rd. Ste. 100 | Jupiter FL 33477
LOCATIONLOCATIONLOCATIONLOCATION –––– MAP & AERIALS MAP & AERIALS MAP & AERIALS MAP & AERIALS
FEATURESFEATURESFEATURESFEATURES Highly efficient floorplates for single-building users or multiple tenants
Full Floors of 5,800+/- square feet
Fully ADA compliant
7 Minute Access to I-95
Hundreds of Service Providers and Retail Locations within 5 Minutes Drive
Excellent proximity and access to thriving upscale residential base
Spacious ceiling heights
Impact glass throughout
Waterfront views
Ample parking
Executive and private offices
Executive board room
Multiple conference rooms
Multiple employee break rooms
RE/MAX Prestige Realty - Commercial Division | 301 Clematis Street | West Palm Beach, FL 33401Coldwell Banker Jupiter Beach | 1061 E. Indiantown Rd. Ste. 100 | Jupiter FL 33477
POTENTIALPOTENTIALPOTENTIALPOTENTIALOwner User or Investment! This prime location property is for
sale or lease. Prominent Signature Building for Owner/User or
National Tenant. GreatGreatGreatGreat BuildingBuildingBuildingBuilding forforforfor aaaa CompanyCompanyCompanyCompany
HeadquartersHeadquartersHeadquartersHeadquarters................AAAA MUSTMUSTMUSTMUST SEE!SEE!SEE!SEE!
This four story office building has a nice general reception and
waiting area at the entrance. The total size is 23,200 SF. It is
presently vacant and ready for immediate occupancy.
The building was built in 1975, but was completely upgraded,
modernized and renovated in 2015-16. It comes with a state of
the art security system, and upgrades and finishes usually only
found in A buildings. The windows are impact glass. The
extensive interior improvements provide an investor with “like-
new” conditions, and some offices offer waterfront views.
It is a Modern Professional Office Building with large open
workspaces, numerous private offices, Conference Rooms,
Executive Offices, showers, Telecom/Server Rooms, Employee
Lounges and Break Rooms.
Since being completely upgraded and renovated, the property
served as the corporate headquarters and primary facilities for
Trinity Behavioral Health. However, they outgrew the space and
just relocated to a larger property, which created this
exceptional opportunity for an owner-user or investor.
Ideally, the building is configured for a single user. However, the
building can be easily divided into 3 full-floor tenant spaces and
the ground floor can house two separate tenants in 2,400+/-
SF spaces. Other space allocations are only limited by the
investor’s imagination.
This building offers an outstanding
opportunity for an owner user to occupy the
entire building or to rent some or all of the
space to tenants for a substantial cash
flowing asset. Once leased up at market rent,
this asset could yield in excess of a 10% cap
rate.
Located in affluent and rapidly growing
Northeastern Palm Beach County, the
property offers easy access to local retailers
and service providers as well as the very
finest in national retailers and restaurants
considered to be some of the county’s most
popular and selective locations. The
surrounding area contains a large presence
of upscale residential developments.
This modern office building is well suited to
many uses. It is an ideal building for a
corporate headquarters, high-tech industry,
law firm, and/or numerous other service
users. It boasts 193+/- feet of highly visible
US highway 1 frontage, and easy access only
minutes away to I-95.
RE/MAX Prestige Realty - Commercial Division | 301 Clematis Street | West Palm Beach, FL 33401Coldwell Banker Jupiter Beach | 1061 E. Indiantown Rd. Ste. 100 | Jupiter FL 33477
MARKET SUMMARY AND SALES NOTESMARKET SUMMARY AND SALES NOTESMARKET SUMMARY AND SALES NOTESMARKET SUMMARY AND SALES NOTESProperty is currently vacant. The building is for sale of rent. Rentals (see brochure) are sought for a full building
user, or for full-floor (5,800+/- SF) users. Ideally, the building is configured for a single user. However, the
building can be easily divided into 3 full-floor tenant spaces and the ground floor can house two separate
tenants in 2,400+/- SF spaces.
In Palm Beach County for Q3, 2017, due to the increase in interest, class B space overall rent growth rose
12.7% to $33.14 per square foot (PSF) gross. Investors focused their attention on Palm Beach County’s strong
office fundamentals of rising rental rates and decreased vacancy, leading to an increased transactional volume
of 2.7 MSF year-to-date, up 16.7% over same time last year.
This asset presents a remarkable “value-add” opportunity for an owner user, or as an investment. Once leased
up at market rent, the asset could yield in excess of a 10% cap rate.
4 Story Corporate Facility with 23,200 SF of ideally configured space designed to meet the demands of today' s
sophisticated tenants ready for your business needs. Perfectly designed for todays creative work atmosphere,
while on the other end of the spectrum it can be adoptive as highly productive process work space. Entire
building available. If there was ever an opportunity to consolidate offices into one, expand to a floor plan with
features unavailable in the area, or bring your "circle of influence" companies with you to a building; then this is
it. Perimeter impact-glass windows around – some with waterfront views.
Multiple entrances, can be subdivided. The first floor space is an open floor plan with reception lobby, large
lounge areas with juice bars, meeting areas, dressing rooms and showers. The second through fourth floors are
built-out and “move-in ready” as high end office spaces.
We are alternatively leasing the full building space or full floor tenancies starting at a deep discount of $22.50
NNN per square foot with the operating expenses estimated to be <$10.50 per square foot. We have office
space available from 2,400, 5,800 all the way up to 23,200 square feet of contiguous space available for an
owner occupant or new tenants.
Class Class Class Class A finishes and touches at a Class B priceA finishes and touches at a Class B priceA finishes and touches at a Class B priceA finishes and touches at a Class B price
MUST SEE TO APPRICATE THIS VALUE !!! MUST SEE TO APPRICATE THIS VALUE !!! MUST SEE TO APPRICATE THIS VALUE !!! MUST SEE TO APPRICATE THIS VALUE !!!
RE/MAX Prestige Realty - Commercial Division | 301 Clematis Street | West Palm Beach, FL 33401Coldwell Banker Jupiter Beach | 1061 E. Indiantown Rd. Ste. 100 | Jupiter FL 33477
PROPERTY PHOTOSPROPERTY PHOTOSPROPERTY PHOTOSPROPERTY PHOTOS
RE/MAX Prestige Realty - Commercial Division | 301 Clematis Street | West Palm Beach, FL 33401Coldwell Banker Jupiter Beach | 1061 E. Indiantown Rd. Ste. 100 | Jupiter FL 33477
FLOOR PLANFLOOR PLANFLOOR PLANFLOOR PLAN
630630630630 US HWY ONEUS HWY ONEUS HWY ONEUS HWY ONE 23,300 SF,23,300 SF,23,300 SF,23,300 SF, 4444----story office buildingstory office buildingstory office buildingstory office building FIRST FLOORFIRST FLOORFIRST FLOORFIRST FLOOR
RE/MAX Prestige Realty - Commercial Division | 301 Clematis Street | West Palm Beach, FL 33401Coldwell Banker Jupiter Beach | 1061 E. Indiantown Rd. Ste. 100 | Jupiter FL 33477
FLOOR PLANFLOOR PLANFLOOR PLANFLOOR PLAN
630630630630 US HWY ONEUS HWY ONEUS HWY ONEUS HWY ONE 23,300 SF,23,300 SF,23,300 SF,23,300 SF, 4444----story office buildingstory office buildingstory office buildingstory office building SECOND FLOORSECOND FLOORSECOND FLOORSECOND FLOOR
RE/MAX Prestige Realty - Commercial Division | 301 Clematis Street | West Palm Beach, FL 33401Coldwell Banker Jupiter Beach | 1061 E. Indiantown Rd. Ste. 100 | Jupiter FL 33477
FLOOR PLANFLOOR PLANFLOOR PLANFLOOR PLAN
630630630630 US HWY ONEUS HWY ONEUS HWY ONEUS HWY ONE 23,300 SF,23,300 SF,23,300 SF,23,300 SF, 4444----story office buildingstory office buildingstory office buildingstory office building THIRD FLOORTHIRD FLOORTHIRD FLOORTHIRD FLOOR
RE/MAX Prestige Realty - Commercial Division | 301 Clematis Street | West Palm Beach, FL 33401Coldwell Banker Jupiter Beach | 1061 E. Indiantown Rd. Ste. 100 | Jupiter FL 33477
FLOOR PLANFLOOR PLANFLOOR PLANFLOOR PLAN
630630630630 US HWY ONEUS HWY ONEUS HWY ONEUS HWY ONE 23,300 SF,23,300 SF,23,300 SF,23,300 SF, 4444----story office buildingstory office buildingstory office buildingstory office building FOURTH FLOORFOURTH FLOORFOURTH FLOORFOURTH FLOOR
For For For For more information, please contact:more information, please contact:more information, please contact:more information, please contact:RE/MAX Prestige Realty – Commercial Division
Fletcher BaldwinExecutive DirectorO: 561.932.0444FletcherBaldwin@rpcommercial.net
Coldwell Banker Jupiter Beach
Kristen Danzig Jessica HarlanM: 561.398.5931 M: 248.807.1999kdinflorida@gmail.com | jessica.harlan@floridamoves.com
top related