For Sale
$5,700,000

6045 Hagen Ranch RdLake Worth, FL 33467

High-yield, multi-tenant medical building.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 10,799 square foot, single-story medical office building in Lake Worth, Florida, presents a compelling investment opportunity. Built in 2015, the property boasts a 100% occupancy rate with six tenants, including Heartland Dental, under NNN leases featuring annual rent bumps and corporate guarantees. The property features a synergistic tenant mix, with over 87% medical users. Situated on a highly visible, signalized intersection of Lantana Road and Hagen Ranch Road, experiencing over 42,000 vehicles daily, the location ensures high visibility and accessibility. The building sits on a two-acre lot with ample parking (65 spaces, or 5.95 spaces per 1,000 square feet). The property offers a strong 5.72% cap rate with a Net Operating Income (NOI) of $326,099 and an asking price of $5,700,000 ($527.83 per square foot). The property is zoned CLO Limited Office Commercial and is offered fee simple. Average household income within a one-mile radius exceeds $122,000. This stabilized, net lease investment is ideal for a 1031 exchange. The property's features include a strong tenant base, excellent location, and significant upside potential.

Highlights

  • Strong medical tenant mix, over 87% occupancy.
  • High-traffic location at signalized intersection of Lantana & Hagen Ranch Roads, exceeding 42,000 vehicles daily.
  • NNN leases with built-in annual rent increases.
  • Affluent demographics: Average household income over $122,000 within one mile.
  • Modern building, 2015 construction, on a 2+ acre lot with ample parking (65 spaces, 5.95/1000 SF).

Property Details for 6045 Hagen Ranch Rd

Property type
Retail properties, Office properties
Square Feet
10,799 SF
Class
B
Year Built
2015
Buildings
1
Stories
1
Units
6

Location Insight

City
Lake Worth
County
Palm Beach
State
Florida
Latitude
26.5892901
Longitude
-80.158939
6045 Hagen Ranch Rd, Lake Worth, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
6045 Hagen Ranch Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message