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100% Leased Single-Story Professional Office 5 Harvard Cir 13,628 SF 100% Leased Office Building West Palm Beach, FL 33409 $5,252,836 CAD ($385.44 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Impeccably maintained building and grounds with a newer tile roof (2018) and nicely outfitted second-generation office spaces
- Connectivity (walkable) to neighboring retail center with dozens of restaurants and shopping options.
- Unique opportunity that allows investors to capture Downtown demand spillover while avoiding direct exposure to new trophy development.
- Located in an upscale, campus-like corporate park with walking trails, lake views, mature landscaping
- Great access to I-95 and minutes away from the robust center of Downtown West Palm Beach
- +/- 32.74% Embedded 4-Year Mark-to-Market Opportunity
Executive Summary
Dunn Commercial is pleased to bring to the market for sale 5 Harvard Circle – a 100% leased, ±13,628 sf highly attractive single-story office building along the Village Boulevard corridor in bustling West Palm Beach, Florida.
5 Harvard Circle is strategically located in the heart of suburban West Palm Beach, within walking distance to dozens of retail, restaurants and hotel options. The property enjoys immediate access to neighboring communities via the areas primary highway system, Interstate 95, (less than one mile from the property) and is mere minutes outside of Downtown West Palm Beach and a short drive to the world renown Palm Beach Island.
In recent years, West Palm Beach has experienced unprecedented growth, attracting many of the Country’s largest and most notable corporations with its competitive, business-friendly environment paired with an unmatched quality of life for its residents. 5 Harvard Circle offers a unique opportunity to acquire a boutique style office building in one of the nation’s most private-capital friendly markets with strong fundamentals and controlled supply.
5 Harvard Circle is strategically located in the heart of suburban West Palm Beach, within walking distance to dozens of retail, restaurants and hotel options. The property enjoys immediate access to neighboring communities via the areas primary highway system, Interstate 95, (less than one mile from the property) and is mere minutes outside of Downtown West Palm Beach and a short drive to the world renown Palm Beach Island.
In recent years, West Palm Beach has experienced unprecedented growth, attracting many of the Country’s largest and most notable corporations with its competitive, business-friendly environment paired with an unmatched quality of life for its residents. 5 Harvard Circle offers a unique opportunity to acquire a boutique style office building in one of the nation’s most private-capital friendly markets with strong fundamentals and controlled supply.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
13,628 SF
Building Class
B
Year Built
1987
Price
$5,252,836 CAD
Price Per SF
$385.44 CAD
Cap Rate
6.50%
NOI
$341,434 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
13,628 SF
Building FAR
0.28
Lot Size
1.10 AC
Zoning
CPUD - Commercial PLANNED UNIT DEVELOPMENT
Parking
47 Spaces (3.45 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
Property Taxes
| Parcel Number | 74-43-43-19-16-000-0120 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,273,145 CAD |
Property Taxes
Parcel Number
74-43-43-19-16-000-0120
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,273,145 CAD
Contact
-
Darryn Dunn -
Dunn Commercial
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100% Leased Single-Story Professional Office | 5 Harvard Cir
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