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5867 Okeechobee Boulevard, West Palm Beach, FL

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DetailMap
5867 Okeechobee Boulevard

West Palm Beach, FL 33417 - West Palm Beach Submarket


Property Type:Office Sub Type:- Status:Existing Year Built:1980
Stories:2 Typical Floor:6,250 SF Building Size:12,500 SF
% Leased:
For Sale Price:$3,200,000 Price/SF:$256.00
Cap Rate:-
Smallest Space:2,400 SF Largest Space:4,400 SF Total Space Avail:6,800 SF Rent/SF/Yr:
$16.00
Parking:4 Surface spaces are available; Ratio of .31/1,000 SF


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
2,400 SF
$16.00/SF/Yr
Negotiable
Negotiable
Office/Medical
 2nd
4,400 SF
$16.00/SF/Yr
Negotiable
Negotiable
Office
 
10773277
10773268
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
2,400 SF
$16.00/SF/Yr
Negotiable
Negotiable
Office/Medical
2nd
4,400 SF
$16.00/SF/Yr
Negotiable
Negotiable
Office

Sale Notes:
This two-story CBS building was constructed in 1980 on 2.86 +/- acres and is in excellent condition. The roof and A/C systems are approximately 10 years old. Citibank with a new 5-year lease occupies 4,000 SF on the first floor of the building. They also have a 3 lane drive-up banking facility and a number of covered parking spaces. The bank' s main entrance is in the rear of the building.
The 1st and 2nd floor spaces are accessed from front of property facing Okeechobee Blvd.
The property has more than 218 feet of frontage on Okeechobee. The overall parking ratio is almost 6 spaces per 1,000 SF of building which offers great flexibility for future tenants. In its current configuration the property is an excellent site for a school, training facility, call center or medical and professional offices.
The first floor consists of 5 offices, a breakroom an IT room and a storage room. Bathrooms are on the second floor which are accessed by an elevator.
The second floor has separate male and a female bathrooms with multiple stalls, a breakroom/kitchen and four classroom/conference rooms varying in size from about 760 SF to about 1,470 SF.

The property in located at the NWC of Okeechobee Blvd and West Street. West Street is the main entrance to Century Village, a 55+ community of more than 5,500 housing units and a population of about 8,000. Century Village and most of the homes in the general are were built in the 1960s thru the 1980s. The property faces Okeechobee Boulevard which has more than 65,000 cars per day and is within a quarter mile of the entrance/exit to the Florida Turnpike.
Okeechobee is the main east-west corridor for the western communities into downtown West Palm Beach and boasts numerous retail and commercial developments, banks and auto dealers. Wells Fargo Bank and BB&T are located immediately east of the property. The areas surrounding Okeechobee Blvd and the North-South corridors are generally residential, both single family and multi-family in a broad range of prices and sizes.
The property is centrally located for easy access to the north-south arterials of Jog Road, Haverhill Road and Military Trail all of which are only minutes away.


Kearney Commercial Realty Inc.
Edward A Kearney
(561) 616-6262


Kearney Commercial Realty Inc.
Edward A Kearney
(561) 616-6262



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