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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 RSF RSF RSF RSF 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 or investor r investor r investor r investor Contemporary Contemporary Contemporary Contemporary finishes with unique interior features finishes with unique interior features finishes with unique interior features finishes with unique interior features Combining the luxuries of a state Combining the luxuries of a state Combining the luxuries of a state Combining the luxuries of a state-of of of of-the the the the-art facility and the art facility and the art facility and the art facility and the convenience of a neighborhood office convenience of a neighborhood office convenience of a neighborhood office convenience of a neighborhood office For Sale: $4,950,000.

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

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  • 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 Rescue560 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 33401Coldwell 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 33401Coldwell Banker Jupiter Beach | 1061 E. Indiantown Rd. Ste. 100 | Jupiter FL 33477

    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.

  • 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

    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

  • 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

    PROPERTY PHOTOSPROPERTY PHOTOSPROPERTY PHOTOSPROPERTY PHOTOS

  • 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

    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

  • 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

    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 SECOND FLOORSECOND FLOORSECOND FLOORSECOND FLOOR

  • 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

    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 THIRD FLOORTHIRD FLOORTHIRD FLOORTHIRD FLOOR

  • 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

    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 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]