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Port Center 2051 Dr Martin Luther King Jr Blvd 60,969 SF 100% Leased Office Building Riviera Beach, FL 33404 For Sale
INVESTMENT HIGHLIGHTS
- Well-located Class B office building in Riviera Beach with fantastic access and visibility.
- The Property has been completed renovated, including a new roof, with no deferred maintenance.
- Strong cash flows from synergistic rent roll.
- Upside opportunity with future mark to market.
EXECUTIVE SUMMARY
For Sale - Centrally Located Class B Office | Riviera Beach, FL
Port Center is a fully updated, three-story Class B office building located in the core of Riviera Beach. Recent capital improvements—including a new roof installed in 2024—have positioned the Property as a turnkey investment with no deferred maintenance. The Building offers a stable rent roll, long-term tenancy, and strong in-place rents. Fully occupied with over 42% of the space leased to a single long-term tenant and the remainder to other established organizations, the Property provides consistent cash flow and the opportunity to further enhance returns through lease renewals and rent growth. Port Center presents a compelling investment opportunity with durable income, modern infrastructure, and strategic positioning in a growing market.
Port Center is a fully updated, three-story Class B office building located in the core of Riviera Beach. Recent capital improvements—including a new roof installed in 2024—have positioned the Property as a turnkey investment with no deferred maintenance. The Building offers a stable rent roll, long-term tenancy, and strong in-place rents. Fully occupied with over 42% of the space leased to a single long-term tenant and the remainder to other established organizations, the Property provides consistent cash flow and the opportunity to further enhance returns through lease renewals and rent growth. Port Center presents a compelling investment opportunity with durable income, modern infrastructure, and strategic positioning in a growing market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
60,969 SF
Building Class
B
Year Built
1999
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
20,323 SF
Slab To Slab
11’
Building FAR
0.24
Lot Size
5.91 AC
Opportunity Zone
Yes
Zoning
IG - IG - General Industrial (56-Riviera Beach)
Parking
264 Spaces (4.33 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Security System
- Signage
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 56-43-42-31-06-001-0020 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $11,390,237 CAD |
PROPERTY TAXES
Parcel Number
56-43-42-31-06-001-0020
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$11,390,237 CAD
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Port Center | 2051 Dr Martin Luther King Jr Blvd
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