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1225 N Military Trl 9,096 SF 100% Leased Office Building West Palm Beach, FL 33409 $3,189,794 CAD ($350.68 CAD/SF) 6.52% Cap Rate
Investment Highlights
- Main road exposure
- long term tentants / 100% leased / rents under market ......great opportunity for buyer to increase rents...
- solid building fully maintainted and updated
Executive Summary
9096 Square feet Commercial retail center located on Military Trail. 7 tenants. 6 of the 7 tenants have been located at property long term, leases do not have option to renew, Great Opportunity for buyer to increase rents to market value. New Roof, Building has been painted, All door and window frames have been painted, parking lot has been re-striped, fresh landscaping. Building is concrete. Two lighted sign posts on N Military Trail for great retail visibility. Two means of ingress and egress. Property located on a corner.
Property located inside an "opportunity zone", eligible for all TAX benefits "opportunity zones" provide.
Leases are Modified Gross, Great opportunity for buyer to change to NNN leases on lease renewals.
Property located inside an "opportunity zone", eligible for all TAX benefits "opportunity zones" provide.
Leases are Modified Gross, Great opportunity for buyer to change to NNN leases on lease renewals.
Property Facts
Sale Type
Investment
Property Type
Building Size
9,096 SF
Building Class
C
Year Built
1976
Price
$3,189,794 CAD
Price Per SF
$350.68 CAD
Cap Rate
6.52%
NOI
$208,121 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,096 SF
Building FAR
0.26
Lot Size
0.80 AC
Opportunity Zone
Yes
Zoning
RH - Property in commercial zoning, Great zoning
Property located inside an "opportunity zone", eligible for all TAX benefits "opportunity zones" provide
Parking
25 Spaces (2.75 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00-42-43-25-05-000-0130 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,681,369 CAD |
Property Taxes
Parcel Number
00-42-43-25-05-000-0130
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,681,369 CAD
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1225 N Military Trl
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