6801 Lake Worth Rd - Medical FOR SALE


Greenacres, FL 33467- Suncrest Ridge
$13,950,000 USD
754-312-6433
6801 Lake Worth Rd, Greenacres, FL for Sale
$13,950,000 USD
Medical - FOR SALE
1/65
null | 8% Cap Rate

6801 Lake Worth Rd
Greenacres, FL 33467
Suncrest Ridge


HIGHLIGHTS

  • Stabilized Multi-Tenant Office Property: 62,748 square feet of office space with 90.7% occupancy and a diversified tenant roster.
  • Durable In-Place Cash Flow: Generates $1,116,180 of in-place NOI with projected income growth driven by leasing and rental rate upside.
  • Prominent Lake Worth Road Frontage: Positioned along a major Palm Beach County corridor with traffic counts exceeding 51,700 vehicles per day.
  • Significant Capital Investment: Over $1.2 million invested in capital improvements since 2014.
  • Strong Parking Ratio: Approximately 336 surface parking spaces, equating to 5.4 spaces per 1,000 SF.
  • Regional Accessibility: Convenient access to Interstate 95, Florida’s Turnpike, and Palm Beach International Airport.

OVERVIEW

Marcus & Millichap is pleased to exclusively present 6801 Lake Worth Road, a 62,748-squarefoot multi-tenant office property situated on a 4.5-acre parcel in Greenacres, Florida. The property is prominently positioned along Lake Worth Road, a primary east-west arterial serving central Palm Beach County, with traffic counts exceeding 51,700 vehicles per day at nearby intersections. The asset features a well-maintained, campus-style office building with a diversified tenant mix concentrated in medical, healthcare, and professional office uses. The property is currently 90.7% occupied and generates $1.12 million in in-place NOI, providing stable cash flow supported by established tenancy and continued leasing activity. Ownership has completed significant capital improvements across the property, including HVAC replacements, elevator upgrades, common area renovations, and parking lot enhancements, positioning the asset for long-term operational performance. With its scale, strong occupancy, and ongoing reinvestment, 6801 Lake Worth Road offers investors the opportunity to acquire a stabilized office asset with durable income and future upside.

FOR SALE DETAILS

PRICE

$13,950,000 USD

PRICE/SF

$238 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

336

LAND DETAILS

LAND ACRES

4.47 AC

LAND SF

194,713 SF

ZONING

CI

APN/PARCEL ID

18-42-44-22-59-000-0010

ASK ABOUT THIS PROPERTY

Madison ChungMarcus & MillichapMore Info
754-312-6433

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

Madison ChungMarcus & MillichapMore Info
754-312-6433

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