For Sale
$2,450,000

308 H StLake Worth, FL 33460

High-Yield Industrial Property, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully leased, 6,000-square-foot industrial warehouse located at 308 S H Street in Lake Worth Beach, Florida. The property boasts a strong 5.80% capitalization rate and features three separate units, each currently occupied under a triple-net (NNN) lease. Built in 1989, this single-story building sits on a lot with APN 38434421151190120 and is zoned AI - Artisanal Industrial, allowing for a variety of uses. The warehouse includes three dock-high doors, providing convenient access for loading and unloading. With a 100% occupancy rate and three tenants currently holding 5-year NNN leases, this property offers a stable and predictable income stream. The property's location in Lake Worth Beach, Palm Beach County, Florida (zip code 33460), provides excellent access to major transportation routes and a thriving local economy. This is a turnkey investment ideal for those seeking a reliable and high-yielding addition to their portfolio. The property is currently fully leased, offering immediate cash flow. The building has undergone recent renovations. The permitted zoning allows for artisanal industrial uses, including mechanical work.

Highlights

  • Fully leased 6,000 SF industrial warehouse in Lake Worth Beach, FL.
  • 5.80% capitalization rate with triple-net (NNN) leases.
  • Three separate units, each with 5-year NNN leases and 100% occupancy.
  • Located at 308 S H Street, Lake Worth Beach, FL 33460 (APN 38434421151190120), zoned AI - Artisanal Industrial.
  • Features three dock-high doors and recent renovations.

Property Details for 308 H St

Property type
Warehouses, Industrial properties
Square Feet
6,000 SF
Year Built
1989
Buildings
1
Stories
1
Units
3

Location Insight

City
Lake Worth
County
Palm Beach
State
Florida
Latitude
26.6119778
Longitude
-80.058251
308 H St, Lake Worth, Florida

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308 H St
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