5301-5323 Lake Worth Rd - Office FOR SALE


Lake Worth, FL 33463- Outer Greenacres
$4,300,000 USD
561-312-9364
5301-5323 Lake Worth Rd, Lake Worth, FL for Sale
$4,300,000 USD
Office - FOR SALE
1/16
null | Request Cap Rate

5301-5323 Lake Worth Rd
Lake Worth, FL 33463
Outer Greenacres


OVERVIEW

Ideal Value Add Center - Below Market Rents, Short Term Leases, No Cap Ex Needed - 73% of GLA Expires 2026 - 27% of GLA Expires in 2027 Excellent Location - Eastbound & Westbound Access on Lake Worth Road which sees 44.5k+ VPD - Between Military Road (39k+ VPD) & Jog Road (50k+ VPD) - High-Visibility Monument Signage Exceptionally Maintained - New Roof, New HVACs, Recent Parking Lot Maintenance, Security, and Generator 100% Occupied - 7 Tenants Across 12 Units - Essential Services, Specialty Daycare, and Medical Spaces Built-in Upside - Below Market Rents - Short Term WALT of less than 1 Year - 3%-5% annual Increases Above Average Parking Ratio - 80 Spaces - 5.3 / 1,000 RSF

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$295 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Worth Plaza

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

98

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,927 SF

ZONING

CG, Lake Worth

APN/PARCEL ID

18-42-44-23-00-000-5090

ASK ABOUT THIS PROPERTY

Justin WalkerFranklin StreetMore Info
561-312-9364

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Justin WalkerFranklin StreetMore Info
561-312-9364

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