9+CAP; CURRENTLY 100% OCCUPIED HOWEVER, DUE TO COVID TENANTS ARE NOT PAYING PER LEASE AGREEMENT WHICH ALLOWS FOR MULTIPLE OPPORTUNITIES FOR OWNER-USER OR INVESTMENT. OWNER IS MOTIVATED TO SELL BRING ALL CASH OFFERS. 27, 500 SF (16,500 SF) Leased to Rock Fitness Gym and (11,000 SF) Leased to Furniture Direct (5 locations in S. FL) Both tenants have new 10+ year leases with options. The Retail property was completely renovated between 2017 - 2018 including a new roof with 20 year warranty (2017) and full interior (2018-2019). The building configuration consists of 2 separate spaces 16,500 SF and 11,000 SF There are currently separate electric meters and 7 HVAC Systems. There is also a state of the art fire protection and sprinkler UL rated system in place with heavy electric.
|
DAYS ON MARKET
|
787
|
LAST UPDATED
|
9/2/2020
|
|
TRACT
|
PALM BEACH LAKES COMM NO 3 IN
|
YEAR BUILT
|
2007
|
|
COUNTY
|
Palm Beach
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Commercial
|
|
|
|
Prior to Dec 27, '18
|
$6,255,357 |
|
Dec 27, '18 - Apr 9, '19 |
$6,400,000 |
|
Apr 9, '19 - May 7, '19 |
$6,161,000 |
|
May 7, '19 - Jul 8, '19 |
$5,962,000 |
|
Jul 8, '19 - Jul 6, '20 |
$6,569,575 |
|
Jul 6, '20 - Aug 6, '20 |
$6,246,727 |
|
Aug 6, '20 - Sep 2, '20 |
$5,999,999 |
| Sep 2, '20 - Today |
$5,466,000 |
| # OF METERS |
3.00 |
| # OF STORIES |
1.0 |
| % AIR CONDITIONED |
100.00 |
| ACRES |
1.75 |
| AREA |
5410 |
| AVAIL DOCS |
Enviro. Audit-PH1, Survey |
| AVAIL INFO |
Appraisal, Copies of Lease, Existing Survey, Full Financials, Photos |
| BATHS - # TOILETS |
20.00 |
| BUILDING INFO: # OF TENANTS |
3 |
| BUILDING INFO: MILES TO EXPRESSWAY |
1 |
| CEILING |
Acoustic, Insulated, Suspended |
| CITY |
West Palm Beach |
| CONSTRUCTION |
Block, CBS, Concrete |
| COOLING |
Central Individual, Electric |
| COUNTY |
Palm Beach |
| FIRE PROTECT |
Smoke Alarm, Sprinkler |
| FLOORING |
Carpet, Marble, Wood Floor |
| FOR LEASE |
Yes |
| FOR SALE |
Yes |
| GEO AREA |
PB23 |
| HEATING |
Central, Electric |
| LEASE |
1-3 Years, 4-6 Years, 7-10 Years, Gross Rent, Long Term, Option Available |
| LEASE PRICE SQFT |
21.00 |
| LEASE YEAR |
2018.00 |
| LEGAL DESC |
PALM BEACH COMMERCIAL PL 3 LTS 3 & 4 |
| LOCATION |
Airport Access, Anchor Center, City, Investment, Shopping Center |
| MAINTENANCE FEE INCL |
Insurance-Bldg,Lawn Care,Maintenance-Exterior,Real Estate Tax |
| MIN LEASE MONTHS |
36.00 |
| MISCELLANEOUS 1 |
Landscaped |
| MISCELLANEOUS 2 |
Meeting Room, Office, Private Restroom, Public Restroom, Rear Access, Restaurant, Separate Office Area, Showroom, Traffic Auto, Traffic Heavy |
| MULTIPLE OFRS ACPTD |
Yes |
| PARCEL ID |
74434319110000030 |
| PROPERTY DESC |
5500 SF retail/ofc |
| REAL ESTATE TAXES |
50034.00 |
| ROOF |
Built-Up, Other, Steel Joist |
| SECURITY |
Security Light |
| SPECIAL INFO |
City Jurisdiction, Title Insurance |
| SQFT SOURCE |
Tax Rolls |
| SUBDIVISION |
PALM BEACH LAKES COMM NO 3 IN |
| TAX YEAR |
2017 |
| TENANT PAYS |
Common Area Maint.,Electric,Sewer,Water |
| TOTAL BUILDING SQFT |
27266.00 |
| TOTAL UNITS |
3 |
| TYPE |
Commercial Industrial |
| TYPE OF BUILDING |
Commercial,Income,Medical,Office/Retail,Restaurant,Retail,Shopping Center,Special Purpose |
| UNIT 1: # OF UNITS |
1 |
| UNIT 1: HALF BATHS |
11 |
| UNIT 1: RENT PERIOD |
Month |
| UNIT 1: UNIT DESC |
Shops |
| UNIT 2: # OF UNITS |
1 |
| UNIT 2: HALF BATHS |
11 |
| UNIT 2: RENT PERIOD |
Month |
| UNIT 2: UNIT DESC |
Suites |
| USE |
Other,Professional Office,Retail |
| UTILITIES |
201+ Amp, 220, Electric, Public Sewer, Public Water, Separate Meter |
| WATERFRONT |
Canal Width 1 - 80, Interior Canal |
| YEAR BUILT |
2007 |
| YEAR BUILT DESC |
Resale |
| ZIP CODE |
33409 |
| ZONING |
Store , GC |
ZESTIMATE
$
2223 Palm Beach Lakes Boulevard, West Palm Beach, FL
RENT ZESTIMATE
$ / mo.
2223 Palm Beach Lakes Boulevard, West Palm Beach, FL
65 
Somewhat Walkable
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Listed with H. Alan Welles Real Est, LLC
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