617 W Industrial Ave - Warehouse FOR SALE


Boynton Beach, FL 33426- Outer Boynton Beach
$2,400,000 USD
561-685-0140
617 W Industrial Ave, Boynton Beach, FL for Sale
$2,400,000 USD
Warehouse - FOR SALE
1/6
null | 6.23% Cap Rate

617 W Industrial Ave
Boynton Beach, FL 33426
Outer Boynton Beach


OVERVIEW

CBRE, Inc., as exclusive agent for the Owner, is pleased to offer for sale Boynton Industrial (the “Property” or “Building”) in Boynton Beach, Florida. This recently renovated small bay industrial asset totals 6,525 rentable square feet on a 0.38 acre site and is currently 100% leased. Situated in one of the nation’s most affluent and desirable submarkets, the Property benefits from strong local demand and has an excellent market position. Although occupancy is stabilized, the Of fering provides clear upside: current in-place rents are approximately 20% below prevailing submarket levels, and our underwritten market rents remain meaningfully below the competitive set. This creates an opportunity for new ownership to raise rents while maintaining the Property’s value alternative appeal. Built in 1972 and renovated in 2023, Boynton Industrial is located at 617 W Industrial Ave, with quick access to Boynton Beach Blvd and immediate access to I-95.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$368 USD /SF

CAP RATE

6.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Showroom, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

9

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.38

LAND SF

16,553

ZONING

M1

APN/PARCEL ID

08-43-45-20-02-002-0070

ASK ABOUT THIS PROPERTY

561-685-0140

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561-685-0140

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