Institutional Property Advisors is pleased to present for sale Park Central One (the “Property”), a 77,388 square-foot, multi-tenant, suburban office building located in Pompano Beach, Florida. The Property is a well-maintained, three-story, reinforced concrete structure with tinted-glass windows and a three-story atrium with skylight. Beautiful landscaping and an extensive natural green area with a large retention pond add to the beauty of the Property and provide a buffer to the neighboring buildings. The Property recently underwent upgrades to the HVAC, access card system, common areas and restrooms.
Park Central One is building number one of the Park Central Business Park located just west of Interstate 95 and about a quarter-mile north of Copans Road. The 90-acre office/flex park is a nearly one-million square-foot, master-planned business park consisting of approximately 77,000 square feet of office space, 195,000 square feet of flex space and 712,700 square feet of industrial/warehouse/ distribution space.
The Property sits on over seven acres and boasts an excellent parking ratio of 4.2 spaces per 1,000 rentable square feet. Access to the park is provided by Park Central Boulevard from North Andrews Avenue (Military Trail). Park Central One is less than a mile away from the Copans Road Interchange of Interstate 95, and only three miles from the Sample Road Interchange of Florida’s Turnpike, providing convenient access to all of South Florida.
Park Central One is currently occupied by a number of successful tenants from the insurance, health, technology and telecom fields. The Property provides stable income and additional value opportunity by way of steady absorption to a fully stabilized occupancy. With its excellent design and curb appeal, easily accessible location and quality tenancy, Park Central One is an ideal investment opportunity in this master planned business park.