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Home For Sale Florida Lantana 3594
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Office Building For Sale By Owner

West Palm Beach FL 18,000 sqft officce building 7.5% CAP 100% Occupied.




1177 Hypoluxo Rd., Lantana, Florida 33462 United States
Description

Excellent 18,062 square foot, three (3) story, Class "B" freestanding professional office building located in Lantana, Florida. The building was constructed in 1983, renovated in 2011 and sits on approximately 1.17 Acres. At 100 percent occupancy, the Property represents a value add asset with immediate cash flow and upside from lease-up as well as increasing current market rents of some tenants.
The Property is well maintained and well located along a prominent east/west commercial artery less than a mile east of the Interstate 95 (I-95) interchange and less than a mile west of U.S. Highway 1. Further enhancing the Property's central location is an abundance of multi-family and single-family housing, as well as a critical mass concentration of banking, motels, restaurants and shopping centers, including a Winn Dixie & Kmart anchored shopping center in close proximity, all of which adds to the energy of this commercial corridor.

Price: $3,200,000
Property Sub-Type: Office Building
Cap Rate: 7.5 %
Total Building Size: 18000 SF
No of Stories: 3
No of Parking Stalls: 73
Occupancy: 100 %
Listing ID: 3594

Map of: 1177 Hypoluxo Rd., Lantana, Florida 33462 United States

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