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Worth Plaza 5301-5323 Lake Worth Rd 14,600 SF 100% Leased Retail Building Lake Worth, FL 33463 $6,002,456 CAD ($411.13 CAD/SF)
EXECUTIVE SUMMARY
Ideal Value Add Center
- Below Market Rents, Short Term Leases, No Cap Ex Needed
- 73% of GLA Expires 2026
- 27% of GLA Expires in 2027
Excellent Location
- Eastbound & Westbound Access on Lake Worth Road which sees 44.5k+ VPD
- Between Military Road (39k+ VPD) & Jog Road (50k+ VPD)
- High-Visibility Monument Signage
Exceptionally Maintained
- New Roof, New HVACs, Recent Parking Lot Maintenance,
Security, and Generator 100% Occupied
- 7 Tenants Across 12 Units
- Essential Services, Specialty Daycare, and Medical Spaces
Built-in Upside
- Below Market Rents
- Short Term WALT of less than 1 Year
- 3%-5% annual Increases
Above Average Parking Ratio
- 80 Spaces - 5.3 / 1,000 RSF
- Below Market Rents, Short Term Leases, No Cap Ex Needed
- 73% of GLA Expires 2026
- 27% of GLA Expires in 2027
Excellent Location
- Eastbound & Westbound Access on Lake Worth Road which sees 44.5k+ VPD
- Between Military Road (39k+ VPD) & Jog Road (50k+ VPD)
- High-Visibility Monument Signage
Exceptionally Maintained
- New Roof, New HVACs, Recent Parking Lot Maintenance,
Security, and Generator 100% Occupied
- 7 Tenants Across 12 Units
- Essential Services, Specialty Daycare, and Medical Spaces
Built-in Upside
- Below Market Rents
- Short Term WALT of less than 1 Year
- 3%-5% annual Increases
Above Average Parking Ratio
- 80 Spaces - 5.3 / 1,000 RSF
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,600 SF
Building Class
C
Year Built
1984
Price
$6,002,456 CAD
Price Per SF
$411.13 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
1.28 AC
Zoning
CG, Lake Worth - General Commercial
Parking
98 Spaces (6.71 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Adriana Zabala
- -
- -
- -
- -
- -
- Docride Tech
- -
- -
- -
- -
- -
- Essential Pub
- -
- -
- -
- Triple Net
- Nov 2023
- Halo
- Services
- -
- -
- Triple Net
- Feb 2024
-
- Real Estate
- -
- -
- -
- -
La société de courtage de la Floride est classée parmi les 50 meilleures sociétés de courtage de la Floride. Communiquez avec eux pour obtenir les derniers conseils et astuces sur l'achat et la vente d'une propriété.
- Jack Watlington, Pa
- Real Estate
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- -
- -
- Majestic Aesthetics Llc
- Services
- -
- -
- -
- -
- National Mailing Center of America, Inc.
- Professional, Scientific, and Technical Services
- -
- -
- -
- -
- Palm Beach Realty Network
- Real Estate
- -
- -
- -
- -
- Super Tech
- Services
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Adriana Zabala | - | - | - | - | - | |
| Docride Tech | - | - | - | - | - | |
| Essential Pub | - | - | - | Triple Net | Nov 2023 | |
| Halo | Services | - | - | Triple Net | Feb 2024 | |
|
|
Real Estate | - | - | - | - | |
| Jack Watlington, Pa | Real Estate | - | - | - | - | |
| Majestic Aesthetics Llc | Services | - | - | - | - | |
| National Mailing Center of America, Inc. | Professional, Scientific, and Technical Services | - | - | - | - | |
| Palm Beach Realty Network | Real Estate | - | - | - | - | |
| Super Tech | Services | - | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-42-44-23-00-000-5090 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,677,067 CAD |
PROPERTY TAXES
Parcel Number
18-42-44-23-00-000-5090
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,677,067 CAD
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Worth Plaza | 5301-5323 Lake Worth Rd
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