CURRENTLY 100 OCCUPIED HOWEVER, TENANTS BOTH HAVE DEFAULTS WHICH ALLOWS FOR MULTIPLE OPPORTUNITIES FOR OWNER USER OR INVESTMENT.


Property

Website:https://www.nestseekers.com/1847144
Address:
2223 Palm Beach Lakes Boulevard
West Palm Beach, FL 33409
Ownership: Commercial
Type: Industrial
Area: 5410 sq ft

Financials

Price: $8,805,380

Description

CURRENTLY 100% OCCUPIED HOWEVER, TENANTS BOTH HAVE DEFAULTS WHICH ALLOWS FOR MULTIPLE OPPORTUNITIES FOR OWNER-USER OR INVESTMENT. LANDLORD CAN RE-TENANT BUILDING TO QUICKLY INCREASE VALUE OF BUILDING UP TO $14,500,000 WITH A CREDIT TENANT AT MARKET RENT, BRING ONLY CASH OFFERS. 27, 500 total square feet, 16,500 SF is Leased to a Fitness Gym (Short term lease as there is a new tenant who replaced Rock Fitness and (11,000 SF) Leased to Furniture Direct(5+ locations in S. FL) The Retail property was completely renovated between 2017 - 2018 including a new roof.MINIMUM OF 16,500 SF OF BLDG CAN BE DELIVERED VACANTThe subject property is located near the intersection of Palm Beach Lakes Blvd. and Village Blvd. Next to Red Lobster and PA BBQ across the street from Twin Peaks.

Unbranded Virtual Tour: https://www.propertypanorama.com/2223-Palm-Beach-Lakes-Boulevard-West-Palm-Beach-FL-33409/unbranded

Contact

Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Courtesy of H. Alan Welles Real Est, LLC

2223 Palm Beach Lakes Boulevard West Palm Beach FL 33409 USA