offering summary completely renovated office building ... · pdf file completely renovated...

OFFERING SUMMARY

COMPLETELY RENOVATED OFFICE BUILDING

North Palm Beach, Florida

4 CONTIGUOUS STORIES OF APPROXIMATELY 23,200 4 CONTIGUOUS STORIES OF APPROXIMATELY 23,200 4 CONTIGUOUS STORIES OF APPROXIMATELY 23,200 4 CONTIGUOUS STORIES OF APPROXIMATELY 23,200 RSFRSFRSFRSF

RE/MAX Prestige Realty – Commercial Division 301 Clematis Street | West Palm Beach, FL 33401

Fletcher Baldwin O: 561.932.0444

[email protected]

Coldwell Banker Jupiter Beach 1061 E. Indiantown Rd. Ste 100 | Jupiter FL 33477

Kristen Danzig Jessica Harlan M: 561.398.5931 M: 248.807.1999 [email protected] [email protected]

EXCLUSIVELY REPRESENTED BY:

 Ideal for entire building Ideal for entire building Ideal for entire building Ideal for entire building user user user user oooor investorr investorr investorr investor

 Contemporary Contemporary Contemporary Contemporary finishes with unique interior featuresfinishes with unique interior featuresfinishes with unique interior featuresfinishes with unique interior features

 Combining the luxuries of a stateCombining the luxuries of a stateCombining the luxuries of a stateCombining the luxuries of a state----ofofofof----thethethethe----art facility and the art facility and the art facility and the art facility and the

convenience of a neighborhood officeconvenience of a neighborhood officeconvenience of a neighborhood officeconvenience of a neighborhood office

For Sale:

$4,950,000.

© 2017 RE/MAX Prestige Realty. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation

about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your

advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the

property of their respective owners and use of these images without the express written consent of the owner is prohibited.

RE/MAX Prestige Realty - Commercial Division | 301 Clematis Street | West Palm Beach, FL 33401 Coldwell Banker Jupiter Beach | 1061 E. Indiantown Rd. Ste. 100 | Jupiter FL 33477

GENERALGENERALGENERALGENERAL DETAILSDETAILSDETAILSDETAILS

PROPERTYPROPERTYPROPERTYPROPERTY ADDRESS:ADDRESS:ADDRESS:ADDRESS: 630 U.S. Highway 1

North Palm Beach, FL 33408

TOTAL BUILDING SIZE:TOTAL BUILDING SIZE:TOTAL BUILDING SIZE:TOTAL BUILDING SIZE: 23,200+/- SF

TOTAL LAND SIZE:TOTAL LAND SIZE:TOTAL LAND SIZE:TOTAL LAND SIZE: .86+/- AC (37,380 SF)

PARCEL CONTROL #’s:PARCEL CONTROL #’s:PARCEL CONTROL #’s:PARCEL CONTROL #’s: 68-43-42-09-01-073-0010

ZONING DISTRICT:ZONING DISTRICT:ZONING DISTRICT:ZONING DISTRICT: CA - Commercial (68-N Palm

Beach)

LAND USE:LAND USE:LAND USE:LAND USE: 1800 – Office Multistory

YEAR BUILT:YEAR BUILT:YEAR BUILT:YEAR BUILT:

COMPLETELY RENOVATED:COMPLETELY RENOVATED:COMPLETELY RENOVATED:COMPLETELY RENOVATED:

1975

2015-16

FLOORS:FLOORS:FLOORS:FLOORS: 4

TYPICAL FLOOR PLATE:TYPICAL FLOOR PLATE:TYPICAL FLOOR PLATE:TYPICAL FLOOR PLATE: 5,800 SF

ELEVATORS:ELEVATORS:ELEVATORS:ELEVATORS: 2

PARKING:PARKING:PARKING:PARKING: 3.4/1,000

CLASS:CLASS:CLASS:CLASS: B

ENTRY:ENTRY:ENTRY:ENTRY: 24/7 Access monitored.

TOTAL REALTOTAL REALTOTAL REALTOTAL REAL

ESTATE TAXES (2017):ESTATE TAXES (2017):ESTATE TAXES (2017):ESTATE TAXES (2017):

$84,278

MARKET:MARKET:MARKET:MARKET: North Palm Beach/Palm Beach

Gardens

LOCATION: LOCATION: LOCATION: LOCATION: East side of US Highway One,

1+/- mile north of Northlake

Blvd, with views/frontage on a

navigable canal leading to the

Intracoastal Waterway.

Predominantly office context,

in a highly desirable area near

upscale neighborhoods and

3+/- miles from I-95 with easy

access points.

MAJOR AIRPORTS:MAJOR AIRPORTS:MAJOR AIRPORTS:MAJOR AIRPORTS: Palm Beach Intl 9.8 miles Fort Lauderdale Intl 52 miles

Miami Intl 72 miles

FIRE STATION:FIRE STATION:FIRE STATION:FIRE STATION: North Palm Beach Fire Rescue 560 US HWY 1, NPBch, FL

SALE PRICE: SALE PRICE: SALE PRICE: SALE PRICE: $4,950,000$4,950,000$4,950,000$4,950,000....

HIGHLIGHTSHIGHLIGHTSHIGHLIGHTSHIGHLIGHTS

 24/7 state of the art security monitoring

 193+/- feet of prime US Highway One frontage

 Beautiful water views and abundant natural light

Fantastic location for company headquarters or

corporate site. Located on the east side of US

Highway 1, between Northlake and PGA Blvd, in

prestigious northeastern Palm Beach County. The

property has been very well maintained since it

was completely renovated in 2015-16. Water

views accent the building’s Corinthian inspired

exterior.

RE/MAX Prestige Realty - Commercial Division | 301 Clematis Street | West Palm Beach, FL 33401 Coldwell Banker Jupiter Beach | 1061 E. Indiantown Rd. Ste. 100 | Jupiter FL 33477

LOCATIONLOCATIONLOCATIONLOCATION –––– MAP & AERIALS MAP & AERIALS MAP & AERIALS MAP & AERIALS

FEATURESFEATURESFEATURESFEATURES  Highly efficient floorplates for single-building users or multiple tenants

 Full Floors of 5,800+/- square feet

 Fully ADA compliant

 7 Minute Access to I-95

 Hundreds of Service Providers and Retail Locations within 5 Minutes Drive

 Excellent proximity and access to thriving upscale residential base

 Spacious ceiling heights

 Impact glass throughout

 Waterfront views

 Ample parking

 Executive and private offices

 Executive board room

 Multiple conference rooms

 Multiple employee break rooms

RE/MAX Prestige Realty - Commercial Division | 301 Clematis Street | West Palm Beach, FL 33401 Coldwell Banker Jupiter Beach | 1061 E. Indiantown Rd. Ste. 100 | Jupiter FL 33477

POTENTIALPOTENTIALPOTENTIALPOTENTIAL Owner User or Investment! This prime location property is for

sale or lease. Prominent Signature Building for Owner/User or

National Tenant. GreatGreatGreatGreat BuildingBuildingBuildingBuilding forforforfor aaaa CompanyCompanyCompanyCompany

HeadquartersHeadquartersHeadquartersHeadquarters................AAAA MUSTMUSTMUSTMUST SEE!SEE!SEE!SEE!

This four story office building has a nice general reception and

waiting area at the entrance. The total size is 23,200 SF. It is

presently vacant and ready for immediate occupancy.

The building was built in 1975, but was completely upgraded,

modernized and renovated in 2015-16. It comes with a state of

the art security system, and upgrades and finishes usually only

found in A buildings. The windows are impact glass. The

extensive interior improvements provide an investor with “like-

new” conditions, and some offices offer waterfront views.

It is a Modern Professional Office Building with large open

workspaces, numerous private offices, Conference Rooms,

Executive Offices, showers, Telecom/Server Rooms, Employee

Lounges and Break Rooms.

Since being completely upgraded and renovated, the property

served as the corporate headquarters and primary facilities for

Trinity Behavioral Health. However, they outgrew the space and

just relocated to a larger property, which created this

exceptional opportunity for an owner-user or investor.

Ideally, the building is configured for a single user. However, the

building can be easily divided into 3 full-floor tenant spaces and

the ground floor can house two separate tenants in 2,400+/-

SF spaces. Other space allocations are only limited by the

investor’s imagination.

This building offers an outstanding

opportunity for an owner user to occupy the

entire building or to rent some or all of the

space to tenants for a substantial cash

flowing asset. Once leased up at market rent,

this asset could yield in excess of a 10% cap

rate.

Located in affluent and rapidly growing

Northeastern Palm Beach County, the

property offers easy access to local retailers

and service providers as well as the very

finest in national retailers and restaurants

considered to be some of the county’s most

popular and selective locations. The

surrounding area contains a large presence

of upscale residential developments.

This modern office building is well suited to

many uses. It is an ideal building for a

corporate headquarters, high-tech industry,

law firm, and/or numerous other service

users. It boasts 193+/- feet of highly visible

US highway 1 frontage, and easy access only

minutes away to I-95.

RE/MAX Prestige Realty - Commercial Division | 301 Clematis Street | West Palm Beach, FL 33401 Coldwell Banker Jupiter Beach | 1061 E. Indiantown Rd. Ste. 100 | Jupiter FL 33477

MARKET SUMMARY AND SALES NOTESMARKET SUMMARY AND SALES NOTESMARKET SUMMARY AND SALES NOTE