5 Harvard Cir - Office FOR SALE


West Palm Beach, FL 33409
$3,837,576 USD
5 Harvard Cir, West Palm Beach, FL for Sale
$3,837,576 USD
Office - FOR SALE
1/15
null | 6.5% Cap Rate

5 Harvard Cir
West Palm Beach, FL 33409


HIGHLIGHTS

  • Impeccably maintained building and grounds with a newer tile roof (2018) and nicely outfitted second-generation office spaces
  • Located in an upscale, campus-like corporate park with walking trails, lake views, mature landscaping
  • Connectivity (walkable) to neighboring retail center with dozens of restaurants and shopping options.
  • Great access to I-95 and minutes away from the robust center of Downtown West Palm Beach
  • Unique opportunity that allows investors to capture Downtown demand spillover while avoiding direct exposure to new trophy development.
  • +/- 32.74% Embedded 4-Year Mark-to-Market Opportunity

OVERVIEW

Dunn Commercial is pleased to bring to the market for sale 5 Harvard Circle – a 100% leased, ±13,628 sf highly attractive single-story office building along the Village Boulevard corridor in bustling West Palm Beach, Florida. 5 Harvard Circle is strategically located in the heart of suburban West Palm Beach, within walking distance to dozens of retail, restaurants and hotel options. The property enjoys immediate access to neighboring communities via the areas primary highway system, Interstate 95, (less than one mile from the property) and is mere minutes outside of Downtown West Palm Beach and a short drive to the world renown Palm Beach Island. In recent years, West Palm Beach has experienced unprecedented growth, attracting many of the Country’s largest and most notable corporations with its competitive, business-friendly environment paired with an unmatched quality of life for its residents. 5 Harvard Circle offers a unique opportunity to acquire a boutique style office building in one of the nation’s most private-capital friendly markets with strong fundamentals and controlled supply.

FOR SALE DETAILS

PRICE

$3,837,576 USD

PRICE/SF

$289 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Leased Single-Story Professional Office

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

CPUD

APN/PARCEL ID

74-43-43-19-16-000-0120

ASK ABOUT THIS PROPERTY

Darryn DunnDunn CommercialMore Info

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