This functional small bay industrial/flex property in Riviera Beach, FL, has been fully occupied by national and regional tenants for over 15 years. The current leases are nearing their ends, with 2 and 3 years remaining. With a current NOI of $264,393, which is below market rent, there’s potential for increased revenue in 2027 and 2028 based on the actual market value of $25 per square foot (NNN). The property features a versatile layout with 9 grade-level doors, office and showroom frontage on a prominent road, and easy access to I-95 via major boulevards. All NNN leases enable investors to transfer future operating cost increases to tenants. With its prime location and functionality, this property is an excellent investment opportunity for both owner-users and investors.
Property Details
Price:
$4,700,000
MLS #:
A11624171
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Flex Space
City:
West Palm Beach
Listed Date:
Jul 23, 2024
State:
FL
Finished Sq Ft:
17,417
Total Sq Ft:
17,417
ZIP:
33404
Lot Size:
52,097 sqft / 1.31 acres (approx)
Year Built:
1990
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Schools
Interior
Exterior
Financial
Tax Year
2023
Taxes
$36,548
Map
Community
- Address3555 Fiscal Ct West Palm Beach FL
- CityWest Palm Beach
- CountyPalm Beach County
- Zip Code33404
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3555 Fiscal Ct
West Palm Beach, FL
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