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Collector Warehouse 2725 Hillsboro Rd 21,338 SF Industrial Building West Palm Beach, FL 33405 $12,556,301 CAD ($588.45 CAD/SF)
INVESTMENT HIGHLIGHTS
- Perfect opportunity for an owner/user for private storage; antiques, art, automobiles, and other collectibles. Great potential for a design showroom!
- Includes 1 dock (1 exterior and 2 interior) and drive-ins.
- A fully renovated industrial warehouse with robust infrastructure upgrades (HVAC, generator, high-voltage power), and ADA compliance.
- Warehouse situated in the heart of Palm Beach with convenient access to I-95: close to public transportation.
- This 21,000 SF industrial space was renovated to meet Chubb’s stringent specifications, offering high-end finishes and upgraded systems
EXECUTIVE SUMMARY
The property was acquired for use as private storage and underwent an 18-month renovation, completed in August, 2020. The renovation was executed to meet Chubb’s specifications and included significant upgrades throughout.
Key improvements include the installation of a new TPO roof, 10 quiet air HVAC units, three commercial-grade dehumidifiers, and a dry (pre-action) sprinkler system. The property features all-new electrical infrastructure with 624 AMPS, a full-building natural gas generator, and a carbon monoxide detection system. Interior upgrades include an interior loading dock, two ADA-compliant bathrooms, and an ADA-accessible entry/exit ramp.
The warehouse offers three loading docks (two interior and one exterior) and 4 designated parking spaces in the front. The property also has a five-year lease with FDOT (Florida Department of Transportation) for the adjacent 15,000 SF lot, for $6,500/yr and includes a 5-year renewal option. The building is conveniently located just beyond the I-95 overpass off Belvedere Road, 1.3 miles from PBIA departures.
Key improvements include the installation of a new TPO roof, 10 quiet air HVAC units, three commercial-grade dehumidifiers, and a dry (pre-action) sprinkler system. The property features all-new electrical infrastructure with 624 AMPS, a full-building natural gas generator, and a carbon monoxide detection system. Interior upgrades include an interior loading dock, two ADA-compliant bathrooms, and an ADA-accessible entry/exit ramp.
The warehouse offers three loading docks (two interior and one exterior) and 4 designated parking spaces in the front. The property also has a five-year lease with FDOT (Florida Department of Transportation) for the adjacent 15,000 SF lot, for $6,500/yr and includes a 5-year renewal option. The building is conveniently located just beyond the I-95 overpass off Belvedere Road, 1.3 miles from PBIA departures.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
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-
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| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Fenced Lot
- Front Loading
- Security System
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
UTILITIES
- Gas
- Water - City
- Sewer - City
- Heating - Electric
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DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Hialeah
238,942
65
1 h 23 m
Miami
470,914
67
1 h 22 m
Orlando
285,713
169
3 h 8 m
Saint Petersburg
265,098
199
4 h 23 m
Tampa
392,890
208
4 h 11 m
Jacksonville
903,889
285
5 h 19 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
671,800
Total Labor Force
347,798
Unemployment Rate
3.00%
Median Household Income
$61,611
Warehouse Employees
33,488
High School Education Or Higher
86.30%
$ values in USD
PROPERTY TAXES
| Parcel Number | 74-43-43-33-34-006-0050 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,261,481 CAD |
PROPERTY TAXES
Parcel Number
74-43-43-33-34-006-0050
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,261,481 CAD
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Collector Warehouse | 2725 Hillsboro Rd
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