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2051 Dr Martin Luther King Jr Boulevard - Port Center, West Palm Beach, FL

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2051 Dr Martin Luther King Jr Boulevard - Port Center

West Palm Beach, FL 33404-7004 - North Palm Beach Submarket


Property Type:Office Sub Type:- Status:Existing Year Built:1999
Stories:3 Typical Floor:21,499 SF Building Size:66,000 SF
% Leased:
For Sale Price:$8,500,000 Price/SF:$128.79
Cap Rate:7.75 %
Smallest Space:795 SF Largest Space:4,582 SF Total Space Avail:5,377 SF Rent/SF/Yr:
$18.00
Parking:264 Surface spaces are available; Ratio of 3.99/1,000 SF Amenities:Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
4,582 SF
$18.00/SF/Yr
Vacant
5 yrs
Office
 3rd
795 SF
$18.00/SF/Yr
Vacant
5 yrs
Office
 
9883537
9883544


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
4,582 SF
$18.00/SF/Yr
Vacant
5 yrs
Office
3rd
795 SF
$18.00/SF/Yr
Vacant
5 yrs
Office

Sale Notes:
PORT CENTER represents a unique and compelling opportunity to acquire a well maintained three-story office building that is currently 100% occupied by a mix of government offices and local businesses. The Property offers efficient floor plans, excellent visibility, plentiful parking, and easy access to I-95.

Current leases are based on usable SF due to RFP's that government agencies in the building have required. With non-government tenants, a loss factor can be utilized

NAI/Merin Hunter Codman, Inc.
Neil E Merin
(561) 471-8000

  
NAI/Merin Hunter Codman, Inc.
Spencer Grossman
(561) 394-5200


NAI/Merin Hunter Codman, Inc.
  
NAI/Merin Hunter Codman, Inc.


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