Download - OFFERING SUMMARY COMPLETELY RENOVATED OFFICE BUILDING ...€¦ · COMPLETELY RENOVATED OFFICE BUILDING North Palm Beach, Florida 4 CONTIGUOUS STORIES OF APPROXIMATELY 23,200 RSF4

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 Division301 Clematis Street | West Palm Beach, FL 33401

Fletcher BaldwinO: 561.932.0444

[email protected]

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

Kristen Danzig Jessica HarlanM: 561.398.5931 M: [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 33401Coldwell 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.


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


POTENTIALPOTENTIALPOTENTIALPOTENTIALOwner 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.


MARKET SUMMARY AND SALES NOTESMARKET SUMMARY AND SALES NOTESMARKET SUMMARY AND SALES NOTESMARKET SUMMARY AND SALES NOTESProperty is currently vacant. The building is for sale of rent. Rentals (see brochure) are sought for a full building

user, or for full-floor (5,800+/- SF) users. 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.

In Palm Beach County for Q3, 2017, due to the increase in interest, class B space overall rent growth rose

12.7% to $33.14 per square foot (PSF) gross. Investors focused their attention on Palm Beach County’s strong

office fundamentals of rising rental rates and decreased vacancy, leading to an increased transactional volume

of 2.7 MSF year-to-date, up 16.7% over same time last year.

This asset presents a remarkable “value-add” opportunity for an owner user, or as an investment. Once leased

up at market rent, the asset could yield in excess of a 10% cap rate.

4 Story Corporate Facility with 23,200 SF of ideally configured space designed to meet the demands of today' s

sophisticated tenants ready for your business needs. Perfectly designed for todays creative work atmosphere,

while on the other end of the spectrum it can be adoptive as highly productive process work space. Entire

building available. If there was ever an opportunity to consolidate offices into one, expand to a floor plan with

features unavailable in the area, or bring your "circle of influence" companies with you to a building; then this is

it. Perimeter impact-glass windows around – some with waterfront views.

Multiple entrances, can be subdivided. The first floor space is an open floor plan with reception lobby, large

lounge areas with juice bars, meeting areas, dressing rooms and showers. The second through fourth floors are

built-out and “move-in ready” as high end office spaces.

We are alternatively leasing the full building space or full floor tenancies starting at a deep discount of $22.50

NNN per square foot with the operating expenses estimated to be <$10.50 per square foot. We have office

space available from 2,400, 5,800 all the way up to 23,200 square feet of contiguous space available for an

owner occupant or new tenants.

Class Class Class Class A finishes and touches at a Class B priceA finishes and touches at a Class B priceA finishes and touches at a Class B priceA finishes and touches at a Class B price

MUST SEE TO APPRICATE THIS VALUE !!! MUST SEE TO APPRICATE THIS VALUE !!! MUST SEE TO APPRICATE THIS VALUE !!! MUST SEE TO APPRICATE THIS VALUE !!!


PROPERTY PHOTOSPROPERTY PHOTOSPROPERTY PHOTOSPROPERTY PHOTOS


FLOOR PLANFLOOR PLANFLOOR PLANFLOOR PLAN

630630630630 US HWY ONEUS HWY ONEUS HWY ONEUS HWY ONE 23,300 SF,23,300 SF,23,300 SF,23,300 SF, 4444----story office buildingstory office buildingstory office buildingstory office building FIRST FLOORFIRST FLOORFIRST FLOORFIRST FLOOR



630630630630 US HWY ONEUS HWY ONEUS HWY ONEUS HWY ONE 23,300 SF,23,300 SF,23,300 SF,23,300 SF, 4444----story office buildingstory office buildingstory office buildingstory office building SECOND FLOORSECOND FLOORSECOND FLOORSECOND FLOOR



630630630630 US HWY ONEUS HWY ONEUS HWY ONEUS HWY ONE 23,300 SF,23,300 SF,23,300 SF,23,300 SF, 4444----story office buildingstory office buildingstory office buildingstory office building THIRD FLOORTHIRD FLOORTHIRD FLOORTHIRD FLOOR



630630630630 US HWY ONEUS HWY ONEUS HWY ONEUS HWY ONE 23,300 SF,23,300 SF,23,300 SF,23,300 SF, 4444----story office buildingstory office buildingstory office buildingstory office building FOURTH FLOORFOURTH FLOORFOURTH FLOORFOURTH FLOOR

For For For For more information, please contact:more information, please contact:more information, please contact:more information, please contact:RE/MAX Prestige Realty – Commercial Division

Fletcher BaldwinExecutive DirectorO: [email protected]

Coldwell Banker Jupiter Beach

Kristen Danzig Jessica HarlanM: 561.398.5931 M: [email protected] | [email protected]