617 W Industrial Ave - Warehouse FOR SALE


Boynton Beach, FL 33426- Outer Boynton Beach
$2,000,000 USD
561-685-0140
617 W Industrial Ave, Boynton Beach, FL for Sale
$2,000,000 USD
Warehouse - FOR SALE
1/6
null | 7.48% Cap Rate

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


OVERVIEW

• 100% Leased Small-Bay Industrial Asset totaling 6,525 SF • Recently Renovated (2023) – upgraded 1972 construction • Strong In-Place Cash Flow with stabilized occupancy • Mark-to-Market Opportunity – rents ~20% below submarket levels • Additional Upside with below-market underwriting vs. competition • Located in Affluent Boynton Beach Submarket with strong tenant demand • Excellent Accessibility – immediate access to I-95 and Boynton Beach Blvd • Scarce Small-Bay Product in a high-demand South Florida corridor • Investor Opportunity to increase NOI while maintaining competitive positioning

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$307 USD /SF

CAP RATE

7.48%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Boynton Industrial

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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