FOR LEASE - LoopNet · 2703-2709 Division Avenue • West Palm Beach, Florida 33407 Kearney Commercial Realty, Inc. 3017 Exchange Court, Suite D West Palm Beach, FL 33409 T 561-616-6262

2703-2709 Division Avenue • West Palm Beach, Florida 33407

Presented By: Edward A. Kearney, CCIM3017 Exchange Court, Suite DWest Palm Beach, FL 33409(561) [email protected]

Contents:

Executive SummaryLocation MapsPlat Map Aerials Exterior and Interior Photographs Permitted Uses Demographics About Kearney Commercial Realty

FOR LEASE• Industrial Zoning - WPB• Two Buildings• 16’+ Warehouse Ceilings• 14’ -16’ Overhead Doors

• Heavy Power – up to 800 Amps• Central Location• Recent Renovation• Concrete Apron

2709 Division Ave• 2 Spaces: 3,880 SF & 1,920 SF• 400 Amp 120/240 3 Phase Power• Up to 800 Amps Available• Newly Renovated• 3 – 12’ x 16’ Overhead Door

2703 Division Ave• 2,850 SF Offices• 2,850 SF Warehouse• 4 - 12 X 14’ Overhead Doors• 120/240 3 Phase Power – 200 Amps• Hurricane Proof Doors/Windows

http://www.kearneyreal.com


Kearney Commercial Realty, Inc.3017 Exchange Court, Suite DWest Palm Beach, FL 33409T 561-616-6262 F 561-691-0114 C [email protected] www.kearneyreal.com

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Property OverviewThis heavy power industrial property has been completely renovated in 2018. It features 2703 Division Ave with 5,700 SF. There is 2,850 SF on the first floor split into 4 sections each with its own large overhead door. This building has 14’ interior ceilings on the first floor.

It has 120/240 V 3 phase electrical service with 200 amps. The second floor has an open floor plan and is perfect for offices, meeting rooms and storage.

2709 Division Ave was also completely renovated in 2018. It is a one-story 5,546 SF CBS warehouse with 16’+ ceiling and a twin “T” Roof.

This space has two sections, one is 1,880 SF (47’ x 40’) and other 3,660 SF ( 47’ x 78’). The spaces are separated by a large overhead door. Each space has 120/240 V 3 phase electrical service with 400 amps of 3 phase. Up to 800 amps are available. Both spaces have large overhead doors.

Location Summary:This site is strategically located just north of 25th Street several blocks east of Federal Highway in the Northwood section of West Palm Beach. Australian Avenue is less than one mile west of the property.It is close to Palm Beach, downtown West Palm Beach, the large marinas along Federal Highway in Riviera Beach and only a few miles from PB International Airport. The property and location are ideal for numerous Industrial, service, and distribution related businesses. A complete list of permitted uses is included in this information brochure.

For LeaseIndustrial Zoning - WPB

Two Buildings

Executive Summary

Property Details

Property Description

Listing Name 2703-2709 Division Avenue

Cross Street 25th Street

Tax ID Number/APN 74-43-43-09-06-012-0110

Zoning Type Industrial – West Palm Beach

Use Industrial

Building Size (RSF) 11,500 +/- SF

Total Number of Buildings 2

2703 Division Ave Size 5,700 SF

2703 Division Ave Stories 2

2709 Division Ave Size 5,546 SF

2709 Division Ave Stories 1

Year Renovated 2018

Market Northwood

County Palm Beach

Listing Name 2703-2709 Division Avenue

Property Type Industrial

Lease Rate $9.75 PSF

Lease Types Modified Gross

Total SF Available 11,246 SF

mailto:ed%40kearneyreal.com?subject=Property%20listing






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Location Map

2703-2709 Division Avenue







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Plat Map

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25th Street

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2709 Division Avenue








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Aerials

View looking south

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Aerials continued

View looking east

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Exterior Photographs

2709 Division Avenue 2709 Division Avenue








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Interior Photographs

2703 Division AvenueFirst Floor Bays

2703 Division AvenueSecond Floor

2709 Division AvenueWarehouse - East Side

2709 Division AvenueWarehouse - West Side






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PERMITTED USE TABLEKey: P = Permitted by Right; PXR = Permitted, Subject to Extra Requirements; Sa = Special Use, Class A; Sb = Special Use, Class B Industrial

1 ADULT ENTERTAINMENT PXR2 AIRPORTS, LANDING FIELDS, HELIPADS AND HELISTOPS; PRIVATE OR PUBLIC3 APPAREL & ACCESSORY RETAIL SALES RENTAL STORES P4 ART MERCHANDISING STUDIOS P5 ART & DRAFTING SUPPLY STORES, INCLUDING PICTURE FRAMES4 P6 BAIT AND TACKLE SHOPS4 P7 BARBER & BEAUTY SHOPS4 P8 BARS AND LOUNGES AND RELATED ENTERTAINMENT P9 BATHROOM AND KITCHEN CONTRACTOR SHOWROOMS P

10 BED AND BREAKFAST ESTABLISHMENTS1

10.1 BED AND BREAKFAST INNS3

11 BOOK & STATIONARY STORES P12 BOTANICAL GARDENS AND ACCESSORY OFFICES13 BUSINESS AND COMMERCIAL MACHINE SALES4 P14 CANDY, NUT AND CONFECTIONARY STORES P15 CATERING ESTABLISHMENTS P16 CEMETERIES, PUBLIC/PRIVATE17 CHURCHES, SYNAGOGUES & OTHER HOUSES OF WORSHIP18 CLINICS-PUBLIC & PRIVATE19 CLUBS AND LODGES WITHOUT A RESTAURANT20 COIN & PHILATELIC STORES4 P21 COLUMBARIUMS AS ACCESS, USE IN REL. INST., OTHER THAN CEMETERIES, PUBLIC OR PRIVATE

22 COMMERCIAL, COMPARISON SHOPPING EXCEPT AS OTHERWISE LISTED P23 COMMERCIAL, CONVENIENCE SALES & PERSONAL SERVICES, EXCEPT AS OTHERWISE LISTED P24 COMMERCIAL, SINGLE DESTINATION USES, EXCEPT AS OTHERWISE LISTED P25 COMMUNICATIONS TOWERS Sb

25.1 COMMUNITY CENTERS25.2 COMMUNITY GARDENS

26 CONVENIENCE STORES, FOOD, SPECIALTY FOOD AND BEV. SALES (INCLUDING SALE OF ALCOHOLIC BEV.) Sb

27 CONVENTS, MONASTERIES AND SEMINARIES28 CULTURAL FACILITIES, PUBLIC AND PRIVATE29 DAY CARE FACILITIES, ACCESSORY, CHILDREN, FAMILY30 DAY CARE FACILITIES, ADULT31 DAY CARE FACILITIES, CHILDREN AS ACCESSORY USE IN HOUSES OF WORSHIP, SCHOOLS, BOTH PUBLIC

AND PRIVATE32 DAY CARE FACILITIES, CHILDREN AS PRINCIPAL USE33 DELICATESSENS P34 DEPARTMENT STORES, MAJOR35 DRIVE THRU FACILITIES, EXCEPT RESTAURANTS, AS PRINCIPAL USES P36 DRIVE THRU FACILITIES, EXCEPT RESTAURANTS, FOR USES PERMITTED AS SPECIAL USES Sb

Permitted Uses






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37 EXERCISE STUDIOS AND HEALTH CLUBS P38 FACIAL AND SCALP TREATMENT SERVICES4 P39 FINANCIAL INSTITUTIONS, BANKS, SAVINGS & LOANS & CREDIT UNIONS < 3,000 SQ. FT.

39.1 FINANCIAL INSTITUTIONS, BANKS, SAVINGS & LOANS & CREDIT UNIONS > 3,000 SQ. FT.40 FLEA MARKET Sa41 FLOWER SHOPS AND FLORISTS P42 FOOD AND BEVERAGE RELATED USES, EXCEPT AS OTHERWISE LISTED (EXCLUDING SALES OF ALCOHOLIC

BEVERAGES)P

43 FOOD STORES OR SUPERMARKET OVER 10,000 SQ. FT.4 P44 FOOD STORES: SPECIALTY (EXCLUDING SALES OF ALCOHOLIC BEVERAGES) P45 FUNERAL HOMES, MORTUARIES AND CREMATORIES P46 FURNITURE REFINISHING AND REPAIR P47 GAME ARCADES Sb48 GIFT, NOVELTY, SOUVENIR AND SUNDRY SHOPS4

49 GOVERNMENT FACILITIES NOT OTHERWISE LISTED49.1 GOVERNMENT OPERATED SOCIAL SERVICES FACILITIES

50 GREENHOUSES, COMMERCIAL RETAIL FOR THE SALES OF PLANT MATERIALS GROWN OFF THE SITE P

51 GROUP HOMES TYPE I (6 OR FEWER PERSONS)51.1 GROUP HOMES TYPE II (7 TO 14 PERSONS)

52 GROUP HOMES TYPE III (15 OR MORE PERSONS)53 GROUP HOMES TYPE V54 GUN CLUBS AND SHOOTING RANGES Sb55 HARDWARE, PAINT, GLASS AND WALL-PAPER STORES4 P56 HELIPADS, HELISTOPS, W/OUT PERMANENT MOORING AND SERVICE FACILITIES Sb

56.1 HOME IMPROVEMENT SHOWROOMS4

57 HOME OCCUPATIONS, ACCESSORY TO RES. USES58 HOSPITALS - PUBLIC & PRIVATE59 HOTELS AND MOTELS60 HOTELS AND MOTELS, LIMITED SERVICE61 INDUSTRIAL USES HAVING MODERATE EXTERNAL IMPACTS P62 INDUSTRIAL USES HAVING SIGNIFICANT EXTERNAL IMPACTS PXR63 INDUSTRIAL USES HAVING VERY SIGNIFICANT EXTERNAL IMPACTS Sa64 INDUSTRIAL - TYPE USES HAVING, MODERATE EXTERNAL IMPACTS P65 INDUSTRIAL - TYPE USES HAVING SIGNIFICANT EXTERNAL IMPACTS P66 INDUSTRIAL - TYPE USES HAVING VERY SIGNIFICANT EXTERNAL IMPACTS Sb67 INTERIOR DECORATORS P68 JUNK, SCRAP AND SALVAGE YARDS Sa69 LAKES, PONDS, MAN-MADE, ACCESSORY PXR70 LAUNDRY AND DRY CLEANING ESTABLISHMENTS, CLEANING ON PREMISES P71 LAUNDRY AND DRY CLEANING ESTABLISHMENTS, PRIMARILY SERVING THE PUBLIC, COIN OPERATED PXR

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72 LAUNDRY AND DRY CLEANING ESTABLISHMENTS, SERVING PRIMARILY THE PUBLIC, NO CLEANING ON PREMISES4

P

73 LIQUOR & PARTY STORES P74 LOCKSMITH AND KEY ESTABLISHMENTS4 P75 MAILING SERVICES4 P

75.1 MARINA, COMMERCIAL76 MARINE, INDUSTRIAL ESTABLISHMENTS P77 MARINE, RETAIL SALES AND SERVICES P78 MARTIAL ARTS STUDIO P79 MINING AND EXTRACTIVE USES Sa80 MOBILE HOME SALES, RENTAL & SERVICE P81 MONUMENT SALES ESTABLISHMENTS P82 MOTION PICTURE STUDIOS P83 MOTOR VEHICLE FUEL SALES AND SERVICE Sb

83.1 MOTOR VEHICLE FUEL SALES (NO SERVICE) AND ACCESSORY CONVENIENCE STORE Sb84 MOTOR VEHICLE PARTS & ACCESSORY STORES P85 MOTOR VEHICLE REPAIR, HEAVY (INCL. BODY REPAIRS AND PAINTING) P86 MOTOR VEHICLE REPAIR, LIGHT (EXCLUDING BODY REPAIRS & PAINTING) P87 MOTOR VEHICLE SALES & RENTAL (NO SERVICE) P88 MOTOR VEHICLE SALES AND SERVICE AGENCIES P89 MOTOR VEHICLE TITLE AND TAG SERVICE4 P90 MOTORCYCLE SALES & SERVICE ESTABLISHMENTS P91 MUSIC AND DANCE STUDIOS P92 NEWSPAPER DISTRIBUTING AGENCIES P93 NEWSPAPER & MAGAZINE SHOPS P94 NONCONFORMITIES, CHANGE FROM ONE MINOR NONCONFORMING USE TO ANOTHER MINOR

NONCONFORMING USESb

95 NONCONFORMITIES, CHANGE FROM A MAJOR NONCONFORMING USE TO A MINOR NONCONFORMING USE

Sb

96 NONCONFORMITIES, ALTERATIONS THAT REDUCE THE IMPACT OF A MINOR NONCONFORMING USE Sb

97 NONCONFORMITIES, ALTERATIONS THAT REDUCE THE IMPACT OF A MAJOR NONCONFORMING USE Sb

98 NURSERIES, RETAIL FOR THE SALES OF PLANT MATERIALS GROWN OFF THE SITE P99 OFFICE & RELATED USE, INCLUDING BUSINESS SERVICES EXCEPT AS OTHERWISE LISTED P

100 OFFICE SUPPORT RETAIL NOT OCCUPYING MORE THAN 20% OF THE GROSS SQUARE FEET4

101 OFFICES-GOVERNMENT ADMINISTRATIVE4

102 OFFICES, PROFESSIONAL (MEDICAL)4

102.1 OFFICES, PROFESSIONAL (NON-MEDICAL)4

102.2. OFFICES, REAL ESTATE P7, PXR103 OFFICES OR FACILITIES, QUASI-PUBLIC ASSOC. AND ORGANIZATIONS, NOT-FOR-PROFIT P104 RESERVED







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105 OFFICES, FOR THE HIRING OF TEMPORARY NONMANUAL LABOR P106 OUTDOOR STORAGE FACILITIES FOR FAMILIES AND BUSINESSES P107 PARKING GARAGES AS PRINCIPAL USES Sa108 PARKING LOTS AS PRINCIPAL, ACCESSORY OR OFF-SITE USES Sb109 PARKING/STORAGE OF REC. VEHICLES ACCESSORY, IN RESIDENTIAL DIST.

109.1 PARKS110 PAWN SHOPS Sb111 PET GROOMING ESTABLISHMENTS, BUT NOT KENNELS P112 PHOTOCOPY SERVICES4 P113 PHOTOGRAPHIC STUDIOS SERVICING PRIMARILY THE PUBLIC4 P114 POST OFFICES P115 PRIVATE USE ON PUBLIC (CITY OWNED) LAND Sa116 PRINTING AND TYPE SETTING SERVICES4 P117 PRODUCE MARKETS P118 PUBLIC SAFETY FACILITIES OPERATED BY PRIVATE AGENCIES P119 PUBLIC SAFETY FACILITIES OPERATED BY PUBLIC AGENCIES4 P120 RADIO AND TELEVISION BROADCASTING STUDIOS AND FACILITIES P121 RAILROAD SWITCHING AND MARSHALING YARDS Sa122 RECREATION, INDOOR4 P123 RECREATION, OUTDOOR, GENERAL P124 RECREATION, OUTDOOR, HIGH INTENSITY Sb125 RECREATION, OUTDOOR AMUSEMENTS, TEMP Sb126 RECREATION, STADIUMS/SPORTS ARENAS Sb127 REPAIR SHOPS FOR HOUSEHOLD APPLIANCES/SMALL MOTORS/MACHINES P128 RESEARCH & DEVELOPMENT FACILITIES NOT OF AN INDUSTRIAL NATURE P129 RESEARCH & DEVELOPMENT FACILITIES OF AN INDUSTRIAL NATURE P130 RESIDENTIAL, FRATERNITIES AND SORORITIES131 RESIDENTIAL, MULTIFAMILY132 RESIDENTIAL, ROOMING & BOARDING HOUSES133 RESIDENTIAL, SINGLE-FAMILY, DETACHED P134 RESIDENTIAL, SINGLE-FAMILY ATTACHED AND DETACHED135 RESIDENTIAL, TOWNHOUSES136 RESTAURANTS SERVING A LIMITED CLIENTELE (PRIVATE CLUBS & LODGES)4 P137 RESTAURANTS SERVING THE GENERAL PUBLIC, BUT NOT DRIVE-IN OR DRIVE THRU P138 RESTAURANTS SERVING THE GENERAL PUBLIC, DRIVE-IN OR DRIVE THRU FACILITIES P139 RETAIL BAKERIES P140 RETAIL BUILDING MATERIAL SALES WHICH HAVE A VERY SIGNIFICANT EXTERNAL IMPACT P141 RETAIL BUSINESSES P142 SANDWICH SHOPS AND SNACK BARS P143 SCHOOLS - PUBLIC AND PRIVATE, ELEMENTARY, INTERMEDIATE AND SECONDARY P144 SCHOOLS - PUBLIC, VOCATION AND TRADE INVOLVING INDUSTRIAL EQUIPMENT P145 SCHOOLS - PUBLIC, VOCATION AND TRADE NOT INVOLVING INDUSTRIAL EQUIPMENT P







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146 SCHOOLS, COMMERCIAL, VOCATION AND TRADE INVOLVING INDUSTRIAL EQUIPMENT P147 SCHOOLS, COMMERCIAL, VOCATION AND TRADE NOT INVOLVING INDUSTRIAL EQUIPMENT P148 SCHOOLS, COLLEGES AND UNIVERSITIES, PUBLIC AND PRIVATE149 SCRAP, WASTE AND RECLAIMED MATERIALS TRADE P150 SHIP AND BOAT BUILDING AND REPAIR P151 SPECIAL NONCOMMERCIAL EVENTS OF PUBLIC INTEREST PXR152 SWIMMING POOL SALES153 TAX RETURN PREPARATION SERVICES4

154 TAXIDERMIST4

155 TEMPORARY BORROW PITS, BORROW PILES AND SIMILAR EXCAVATIONS PXR156 TEMP MODEL DWELLINGS AND SALES OFFICES157 TEMPORARY OFFICES AND FACILITIES FOR CONSTRUCTION, STORAGE/SECURITY PXR158 TEMPORARY PRODUCE STANDS Sb159 THEATERS, INDOOR, MOTION PICTURE & LIVE PERFORMANCES160 TOBACCO SHOPS4

161 TRANSIT STORAGE AND MAINT. FACILITIES FOR PASSENGER TRANSPORTATION OPERATIONS P162 TRANSIT, PASSENGER & FREIGHT TERMINALS P163 TRAVEL AGENCIES OR TRANSPORTATION TICKETS4 P164 UPHOLSTERY, CLOTH & CANVAS PRODUCTS FABRICATION, INCL. SLIPCOVERS AND AWNINGS P

164.1 URBAN MARKET GARDENS PXR Sb165 UTILITY FACILITIES, HEAVY, PUBLIC AND PRIVATE Sa166 UTILITY FACILITIES, LIGHT, PUBLIC AND PRIVATE PXR167 VETERINARY CLINICS AND HOSPITALS, ANIMAL SHELTERS, ENCLOSED P168 VETERINARY CLINICS AND HOSPITALS, ANIMAL SHELTERS, ENCLOSED, NOT-FOR-PROFIT P169 VETERINARY CLINICS AND HOSPITALS, ANIMAL SHELTERS, UNENCLOSED P170 WAREHOUSING FACILITIES FOR FAMILIES AND SMALL BUSINESSES P171 WAREHOUSING HAVING MODERATE EXTERNAL IMPACTS P172 WAREHOUSING HAVING SIGNIFICANT EXTERNAL IMPACTS P173 WAREHOUSING HAVING VERY SIGNIFICANT EXTERNAL IMPACTS PXR174 WATCH AND SHOE REPAIR ESTABLISHMENTS4 P175 WHOLESALE HAVING A MODERATE EXTERNAL IMPACT P176 WHOLESALE HAVING A SIGNIFICANT EXTERNAL IMPACT P177 WHOLESALE HAVING A VERY SIGNIFICANT EXTERNAL IMPACT PXR178 YARD AND GARAGE SALES, TEMPORARY179 ACCESSORY TO OTHER USES, LAND AND/OR STRUCTURES TO PRINCIPAL USES PERMITTED BY RIGHT4 P

180 ACCESSORY TO OTHER USES, LAND AND/OR STRUCTURES TO SPECIAL USES PERMITTED BY RIGHT S







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Demographics by Drive Time

2703-2709 Division Avenue, West Palm Beach, FL, 33407 Drive Time: 5 minutes

0 - 5 minutes 0 - 10 minutes 0 - 15 minutesPopulation

2000 Population 16,426 77,986 250,057

2010 Population 15,338 82,423 273,815

2012 Population 15,122 81,869 273,546

2017 Population 15,151 82,617 278,565

2000-2010 Annual Rate -0.68% 0.55% 0.91%

2010-2012 Annual Rate -0.63% -0.30% -0.04%

2012-2017 Annual Rate 0.04% 0.18% 0.36%2012 Male Population 50.3% 48.7% 49.1%2012 Female Population 49.7% 51.3% 50.9%2012 Median Age 36.4 35.2 38.2

In the identified area, the current year population is 273,546. In 2010, the Census count in the area was 273,815. The rate of change since2010 was -0.04% annually. The five-year projection for the population in the area is 278,565 representing a change of 0.36% annually from2012 to 2017. Currently, the population is 49.1% male and 50.9% female.

Median Age

The median age in this area is 38.2, compared to U.S. median age of 37.3.

Race and Ethnicity2012 White Alone 22.7% 35.6% 56.8%

2012 Black Alone 65.8% 53.7% 31.3%2012 American Indian/Alaska Native Alone 0.6% 0.5% 0.6%2012 Asian Alone 0.5% 1.4% 2.3%2012 Pacific Islander Alone 0.1% 0.1% 0.1%2012 Other Race 7.7% 5.8% 5.9%2012 Two or More Races 2.6% 2.9% 3.0%2012 Hispanic Origin (Any Race) 16.1% 17.8% 25.5%

Persons of Hispanic origin represent 25.5% of the population in the identified area compared to 16.9% of the U.S. population. Persons ofHispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be fromdifferent race/ethnic groups, is 73.9 in the identified area, compared to 61.4 for the U.S. as a whole.

Households

2000 Households 5,822 29,949 103,0682010 Households 5,539 32,285 110,6332012 Total Households 5,496 32,247 110,9122017 Total Households 5,492 32,483 112,2652000-2010 Annual Rate -0.50% 0.75% 0.71%2010-2012 Annual Rate -0.35% -0.05% 0.11%2012-2017 Annual Rate -0.01% 0.15% 0.24%2012 Average Household Size 2.65 2.45 2.41

The household count in this area has changed from 110,633 in 2010 to 110,912 in the current year, a change of 0.11% annually. The five-year projection of households is 112,265, a change of 0.24% annually from the current year total. Average household size is currently 2.41,compared to 2.42 in the year 2010. The number of families in the current year is 63,537 in the specified area.

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Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2012 and 2017. Esri converted Census 2000 data into 2010 geography.






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Demographics by Drive Time continued

2703-2709 Division Avenue, West Palm Beach, FL, 33407 Ring: 5 mile radius

1 mile 3 miles 5 milesMedian Household Income

2012 Median Household Income $24,420 $38,496 $36,4472017 Median Household Income $30,648 $45,797 $42,7312012-2017 Annual Rate 4.65% 3.53% 3.23%

Average Household Income

2012 Average Household Income $38,904 $61,693 $55,9462017 Average Household Income $45,132 $71,797 $64,2822012-2017 Annual Rate 3.01% 3.08% 2.82%

Per Capita Income

2012 Per Capita Income $15,977 $27,704 $24,4862017 Per Capita Income $18,268 $31,949 $27,8752012-2017 Annual Rate 2.72% 2.89% 2.63%

Households by Income

Current median household income is $36,447 in the area, compared to $50,157 for all U.S. households. Median household income isprojected to be $42,731 in five years, compared to $56,895 for all U.S. households

Current average household income is $55,946 in this area, compared to $68,162 for all U.S households. Average household income isprojected to be $64,282 in five years, compared to $77,137 for all U.S. households

Current per capita income is $24,486 in the area, compared to the U.S. per capita income of $26,409. The per capita income is projected tobe $27,875 in five years, compared to $29,882 for all U.S. households

Housing

2000 Total Housing Units 5,093 37,239 85,2792000 Owner Occupied Housing Units 2,009 15,391 40,0052000 Owner Occupied Housing Units 2,290 15,747 29,6742000 Vacant Housing Units 794 6,101 15,600

2010 Total Housing Units 5,152 45,449 97,9492010 Owner Occupied Housing Units 1,717 15,747 39,7602010 Renter Occupied Housing Units 2,218 18,609 34,5242010 Vacant Housing Units 1,217 11,093 23,665



Currently, 38.5% of the 98,811 housing units in the area are owner occupied; 36.8%, renter occupied; and 24.8% are vacant. Currently, inthe U.S., 56.5% of the housing units in the area are owner occupied; 32.1% are renter occupied; and 11.4% are vacant. In 2010, therewere 97,949 housing units in the area - 40.6% owner occupied, 35.2% renter occupied, and 24.2% vacant. The annual rate of change inhousing units since 2010 is 0.39%. Median home value in the area is $115,114, compared to a median home value of $167,749 for the U.S.In five years, median value is projected to change by 3.10% annually to $134,128.

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Demographics by Distance2703-2709 Division Avenue, West Palm Beach, FL, 33407 Ring: 1 mile radius

1 mile 3 miles 5 milesPopulation

2000 Population 11,928 73,846 163,968

2010 Population 10,808 80,423 178,182

2012 Population 10,737 80,013 177,562

2017 Population 10,861 80,993 180,091

2000-2010 Annual Rate -0.98% 0.86% 0.83%

2010-2012 Annual Rate -0.29% -0.23% -0.15%

2012-2017 Annual Rate 0.23% 0.24% 0.28%2012 Male Population 50.7% 48.2% 48.9%2012 Female Population 49.3% 51.8% 51.1%2012 Median Age 36.7 36.7 38.5

In the identified area, the current year population is 177,562. In 2010, the Census count in the area was 178,182. The rate of change since2010 was -0.15% annually. The five-year projection for the population in the area is 180,091 representing a change of 0.28% annually from2012 to 2017. Currently, the population is 48.9% male and 51.1% female.

Median Age

The median age in this area is 38.5, compared to U.S. median age of 37.3.

Race and Ethnicity2012 White Alone 23.6% 42.5% 48.4%

2012 Black Alone 64.7% 47.2% 40.7%2012 American Indian/Alaska Native Alone 0.6% 0.4% 0.5%2012 Asian Alone 0.4% 2.0% 2.2%2012 Pacific Islander Alone 0.1% 0.1% 0.1%2012 Other Race 8.0% 5.0% 5.4%2012 Two or More Races 2.7% 2.7% 2.8%2012 Hispanic Origin (Any Race) 16.4% 15.4% 19.7%

Persons of Hispanic origin represent 19.7% of the population in the identified area compared to 16.9% of the U.S. population. Persons ofHispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be fromdifferent race/ethnic groups, is 72.6 in the identified area, compared to 61.4 for the U.S. as a whole.

Households

2000 Households 4,298 31,138 69,6792010 Households 3,935 34,356 74,2842012 Total Households 3,928 34,321 74,3352017 Total Households 3,954 34,605 75,0492000-2010 Annual Rate -0.88% 0.99% 0.64%2010-2012 Annual Rate -0.08% -0.05% 0.03%2012-2017 Annual Rate 0.13% 0.17% 0.19%2012 Average Household Size 2.62 2.25 2.32

The household count in this area has changed from 74,284 in 2010 to 74,335 in the current year, a change of 0.03% annually. The five-yearprojection of households is 75,049, a change of 0.19% annually from the current year total. Average household size is currently 2.32,compared to 2.33 in the year 2010. The number of families in the current year is 39,895 in the specified area.

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Demographics by Distance continued2703-2709 Division Avenue, West Palm Beach, FL, 33407 Ring: 5 mile radius

1 mile 3 miles 5 milesMedian Household Income

2012 Median Household Income $24,420 $38,496 $36,4472017 Median Household Income $30,648 $45,797 $42,7312012-2017 Annual Rate 4.65% 3.53% 3.23%

Average Household Income

2012 Average Household Income $38,904 $61,693 $55,9462017 Average Household Income $45,132 $71,797 $64,2822012-2017 Annual Rate 3.01% 3.08% 2.82%

Per Capita Income

2012 Per Capita Income $15,977 $27,704 $24,4862017 Per Capita Income $18,268 $31,949 $27,8752012-2017 Annual Rate 2.72% 2.89% 2.63%

Households by Income

Current median household income is $36,447 in the area, compared to $50,157 for all U.S. households. Median household income isprojected to be $42,731 in five years, compared to $56,895 for all U.S. households

Current average household income is $55,946 in this area, compared to $68,162 for all U.S households. Average household income isprojected to be $64,282 in five years, compared to $77,137 for all U.S. households

Current per capita income is $24,486 in the area, compared to the U.S. per capita income of $26,409. The per capita income is projected tobe $27,875 in five years, compared to $29,882 for all U.S. households

Housing

2000 Total Housing Units 5,093 37,239 85,2792000 Owner Occupied Housing Units 2,009 15,391 40,0052000 Owner Occupied Housing Units 2,290 15,747 29,6742000 Vacant Housing Units 794 6,101 15,600




Currently, 38.5% of the 98,811 housing units in the area are owner occupied; 36.8%, renter occupied; and 24.8% are vacant. Currently, inthe U.S., 56.5% of the housing units in the area are owner occupied; 32.1% are renter occupied; and 11.4% are vacant. In 2010, therewere 97,949 housing units in the area - 40.6% owner occupied, 35.2% renter occupied, and 24.2% vacant. The annual rate of change inhousing units since 2010 is 0.39%. Median home value in the area is $115,114, compared to a median home value of $167,749 for the U.S.In five years, median value is projected to change by 3.10% annually to $134,128.

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Edward A. Kearney3017 Exchange Court, Suite DWest Palm Beach, FL 33409

561-616-6262 F 561-616-6264Email: [email protected]

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Experience:Edward A. Kearney, CCIM, has been a licensed Florida real estate broker for more than 25 years. Since 2000 his primary business has been sales and leasing of retail, office, industrial and vacant land. He has sold or leased most types of commercial properties and has worked in many of the largest metropolitan areas in Florida.

Ed’s expertise and reputation has been recognized by two separate Florida State Courts which have appointed him as Receiver to oversee, preserve, manage and sell commercial properties involved in various types of litiga-tion. Recently, he has been engaged as an Expert Witness for the defendant in a Miami-Dade County commer-cial real estate related case.

During his first ten years as a broker, Ed represented more than $1 billion of commercial property in annual tax appeals and more than $250 million in annual tangible personal property tax appeals throughout Florida. He continues to offer property tax consulting services. Service:What does good service mean? At Kearney Commercial Realty we try to think about how to service our clients, recognizing that they may have a various levels of expertise, experience and different requirements. We have found that the best way to determine the level of service required is to reverse roles. In other words, we try to place ourselves in the same situation as the client and ask ourselves how would we expect or want to be treated.

Reputation:Reputation and integrity are essential in commercial real estate. In trying to define how we conduct ourselves, we are reminded of Warren Buffet’s mandate to his employees. He demanded that they conduct themselves as if their actions were to be reported on the front page of tomorrow’s newspa-per. After 25 years our reputation is solid. We are sure that if anything were said about us in a newspaper or in any way, it would likely be good. Further, we make every effort to avoid conflicts of interest by placing our clients best interests before our own.

Other:Ed served as an Explosive Ordnance Disposal and Diving Of-ficer in the US Navy on both an aircraft carrier and while in Vietnam. He has three children and seven grandchildren. He enjoys reading, bicycling and plays golf to a 3 handicap.

mailto:Ed%40Kearneyreal.com?subject=Property%20listing


Documents

FOR LEASE - LoopNet · 2703-2709 Division Avenue • West Palm Beach, Florida 33407 Kearney Commercial Realty, Inc. 3017 Exchange Court, Suite D West Palm Beach, FL 33409 T 561-616-6262