For Sale
$7,299,999

909 Military TrlWest Palm Beach, FL 33415

High-Yield Flex Space Investment, 21,980 SF

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional Class A industrial portfolio comprises four strategically located flex properties totaling 21,980 square feet in West Palm Beach, Florida. Currently boasting 100% occupancy and a strong net operating income (NOI) of $275,000, this value-add investment presents significant upside potential. The portfolio features a modified lease structure and consists of individual bays ranging from 1,000 to 2,000 square feet, ideal for a variety of tenants. The asking price is $7,299,999, translating to a current cap rate of 3.77%. However, with a pro-forma NOI projected at $444,000, the potential cap rate increases to a compelling 6.08%. This translates to a price per square foot of $332.12. The properties are situated in high-demand areas of West Palm Beach, offering excellent access to major transportation routes and a thriving local economy. This portfolio represents a rare opportunity to acquire a well-performing, income-generating asset with substantial room for growth and value appreciation. The properties are located at 909 S Military Trl, West Palm Beach, FL 33415, and three additional locations in West Palm Beach, Lake Worth Beach, and Delray Beach.

Highlights

  • Class A industrial portfolio totaling 21,980 square feet in West Palm Beach, FL.
  • 100% occupancy with a $275,000 NOI and $7,299,999 asking price.
  • Current cap rate of 3.77%, pro-forma cap rate of 6.08% with projected NOI of $444,000.
  • Four flex properties with individual bays ranging from 1,000 to 2,000 square feet.
  • $332.12 price per square foot; located in high-demand areas with excellent access to major transportation routes.

Property Details for 909 Military Trl

Property type
Industrial properties, Flex space
Square Feet
21,980 SF
Class
A

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.6642613
Longitude
-80.113589
909 Military Trl, West Palm Beach, Florida

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909 Military Trl
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