1225 N Military Trl - Office FOR SALE


West Palm Beach, FL 33409
$2,299,000 USD
561-845-0609
1225 N Military Trl, West Palm Beach, FL for Sale
$2,299,000 USD
Office - FOR SALE
1/3
null | 6.52% Cap Rate

1225 N Military Trl
West Palm Beach, FL 33409


HIGHLIGHTS

  • Main road exposure
  • solid building fully maintainted and updated
  • long term tentants / 100% leased / rents under market ......great opportunity for buyer to increase rents...

OVERVIEW

9096 Square feet Commercial retail center located on Military Trail. 7 tenants. 6 of the 7 tenants have been located at property long term, leases do not have option to renew, Great Opportunity for buyer to increase rents to market value. New Roof, Building has been painted, All door and window frames have been painted, parking lot has been re-striped, fresh landscaping. Building is concrete. Two lighted sign posts on N Military Trail for great retail visibility. Two means of ingress and egress. Property located on a corner. Property located inside an "opportunity zone", eligible for all TAX benefits "opportunity zones" provide. Leases are Modified Gross, Great opportunity for buyer to change to NNN leases on lease renewals.

FOR SALE DETAILS

PRICE

$2,299,000 USD

PRICE/SF

$253 USD /SF

CAP RATE

6.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

RH

APN/PARCEL ID

00-42-43-25-05-000-0130

ASK ABOUT THIS PROPERTY

Michael HorowitzFlorida Realty BrokersMore Info
561-845-0609

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Michael HorowitzFlorida Realty BrokersMore Info
561-845-0609

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.