155 E Blue Heron Blvd - Office FOR SALE


Riviera Beach, FL 33404
$10,500,000 USD
561-281-6656
155 E Blue Heron Blvd, Riviera Beach, FL for Sale
$10,500,000 USD
Office - FOR SALE
1/19
null | Request Cap Rate

155 E Blue Heron Blvd
Riviera Beach, FL 33404


HIGHLIGHTS

  • Prime Waterfront Location: Near Blue Heron Bridge with easy access to US-1/I-95 and unobstructed ocean, Intracoastal, and Peanut Island views.
  • High-Quality Multi-Purpose Asset: ±46,860 SF mixed-use property on ±2.1 acres with office and retail space.
  • Stable Rent Roll with Upside: Fully leased with strong cash flow; rents 10–15% below market.
  • Lease Conversion & Efficiency Opportunity: Convert gross leases to NNN and improve management for full expense recovery.
  • Office and retail mixed-use property with exceptional water views.

OVERVIEW

On behalf of ownership, the Colliers | South Florida Investment Services Team, as the exclusive agent, is pleased to present for sale 155 E. Blue Heron Boulevard (the “Property”), a ±46,860 square foot office and retail mixed-use property located at 155 E Blue Heron Boulevard in Riviera Beach, FL. Built in 1987, the Property sits on ±2.1 acres of land strategically located near the Blue Heron Bridge with views of the Atlantic Ocean, Intracoastal Waterway, and Peanut Island. Currently 100% leased, the Property consists of 16,222 SF of prime retail space and 30,368 SF of office space. The Property features a mix of tenants with below market rents and shorter weighted average lease term (WALT) of 3.6 years, allowing for near-term rental rate increases that can drive value growth. Additionally, there is a significant opportunity to convert existing gross and modified gross leases to NNN structures, enhancing net operating income by transferring expense obligations to tenants. The Property is perfect for corporate or retail tenants, both in the Marine industry and other professional uses. Positioned between US Highway One to the west and the Blue Heron Bridge to the east, tenants enjoy easy access to Singer Island, The Port of Palm Beach, and Publix is located across the street. Tenant and visitor convenience is supported by ample parking (additional parking is available via an easement on the bordering parcel to the West) and access to I-95, positioning 155 E. Blue Heron Boulevard as a highly accessible and attractive office destination in Palm Beach County’s competitive market. The Property presents a unique opportunity for investors looking for robust cash flow with significant upside and a highly sought after location with ocean views.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$224 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Intracoastal Professional Plaza

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

143

LAND DETAILS

LAND ACRES

2.1 AC

LAND SF

91,476 SF

ZONING

C-PUD, W Palm Beach

APN/PARCEL ID

56-43-42-28-12-000-0120

ASK ABOUT THIS PROPERTY

Bastian SchauerColliersMore Info
561-281-6656

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Bastian SchauerColliersMore Info
561-281-6656

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