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Highlights

  • Located in the center of the City of Westlake

Space Availability (1)

Display Rental Rate as

  • Space
  • Size
  • Ceiling
  • Term
  • Rental Rate
  • Rent Type
  • 1st Floor
  • 1,000-8,250 SF
  • 12’ - 14’
  • 5-20 Years
  • $77.83 CAD/SF/YR $6.49 CAD/SF/MO $642,102 CAD/YR $53,508 CAD/MO
  • Triple Net (NNN)
Space Use
Office/Medical
Availability
Now

• ±8,317 SF of Class A shell space, fully delivered and ready for immediate buildout. Positioned on a landmark corner at Seminole Pratt Whitney Rd and Persimmon Blvd within a high-quality, master planned streetscape with visibility to a signalized intersection carrying 32,000+ AADT. • The only building in the corridor without medical use restrictions. While existing hospital agreements limit competing properties, this site offers healthcare and professional office users a rare, unrestricted path to enter and dominate the market. • Surrounded by large-scale residential expansion: more than 5,000 new homes plus 1,000 additional homes planned by GL Homes across the Westlake subdivisions. Roughly 39,400 residents within a 15-minute drive time with average household income above $155,000. • Anchored by a growing medical hub. A new freestanding ER recently opened on the adjacent premises, and 22 hospitals and medical centers sit within a 45-minute drive time. Well suited for family adjacent healthcare such as pediatrics, urgent care, dental, and multi specialty groups, as well as professional office users seeking a flagship presence

  • Lease rate does not include utilities, property expenses or building services
  • Finished Ceilings: 12’ - 14’
  • Located in-line with other retail
Space Size Ceiling Term Rental Rate Rent Type
1st Floor 1,000-8,250 SF 12’ - 14’ 5-20 Years $77.83 CAD/SF/YR $6.49 CAD/SF/MO $642,102 CAD/YR $53,508 CAD/MO Triple Net (NNN)

1st Floor

Size
1,000-8,250 SF
Ceiling
12’ - 14’
Term
5-20 Years
Rental Rate
$77.83 CAD/SF/YR $6.49 CAD/SF/MO $642,102 CAD/YR $53,508 CAD/MO
Rent Type
Triple Net (NNN)
Space Use
Office/Medical
Availability
Now

• ±8,317 SF of Class A shell space, fully delivered and ready for immediate buildout. Positioned on a landmark corner at Seminole Pratt Whitney Rd and Persimmon Blvd within a high-quality, master planned streetscape with visibility to a signalized intersection carrying 32,000+ AADT. • The only building in the corridor without medical use restrictions. While existing hospital agreements limit competing properties, this site offers healthcare and professional office users a rare, unrestricted path to enter and dominate the market. • Surrounded by large-scale residential expansion: more than 5,000 new homes plus 1,000 additional homes planned by GL Homes across the Westlake subdivisions. Roughly 39,400 residents within a 15-minute drive time with average household income above $155,000. • Anchored by a growing medical hub. A new freestanding ER recently opened on the adjacent premises, and 22 hospitals and medical centers sit within a 45-minute drive time. Well suited for family adjacent healthcare such as pediatrics, urgent care, dental, and multi specialty groups, as well as professional office users seeking a flagship presence

  • Lease rate does not include utilities, property expenses or building services
  • Finished Ceilings: 12’ - 14’
  • Located in-line with other retail

Rent Types


The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.

1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.

2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.

3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.

4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.

5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.

6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.

7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.

Property Facts

Total Space Available 8,250 SF
Min. Divisible 1,000 SF
Property Type Retail
Gross Leasable Area 8,317 SF
Year Built 2026
Cross Streets Persimmon Boulevard

About the Property

Westlake Point is a medical/retail plaza being built in one of Palm Beach County's most underserved new communities with excellent demographics. Tremendous tenant exposure as the building will be located in the center of the City of Westlake, at the corner of Seminole Pratt Whitney Road and Persimmon Boulevard. Space available between 500 - 8250 square feet.

Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100

Nearby Major Retailers

Orange Theory
Starbucks
Habit Burger & Grill
  • Listing ID: 41242437

  • Date on Market: 2023-09-18

  • Last Updated:

  • Address: 5020 Seminole Pratt Whitney, Loxahatchee, FL 33470

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