Share This Listing

Message

915 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

ADT Commercial | NNN Leased | PRICE REDUCED 5701 Village Blvd 14,623 SF Flex Building West Palm Beach, FL 33407 $6,281,640 CAD ($429.57 CAD/SF)

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • 14,623 square foot commercial/office/industrial building with an entirely new (as of 2021) build out for the existing tenant. Building painted in 2024
  • Property is built out as 50% office and 50% AC warehouse with three dock loading doors and an enclosed receiving area.
  • Well-maintained property with a true “NNN” lease allowing for a Landlord to pass through Operating Expenses of the Property to the Tenant.
  • Situated on an over-sized 3.75-acre lot with a secured outside storage/yard area and over 5 parking spaces per 1,000 sf.
  • Property is 100% leased to ADT Commercial, LLC until August of 2032 with options to extend for up to an additional five (5) years.
  • Phenomenal future upside potential through expanding the existing building and adding square footage or increasing the current below-market rents over

EXECUTIVE SUMMARY

SIGNIFICANT PRICE REDUCTION TO $4.5 MILLION IN SEPTEMBER OF 2025!
*TENANT RECENTLY EXERCISED AN EARLY LEASE RENEWAL THROUGH AUGUST OF 2032 ILLUSTRATING TENANT'S COMMITMENT TO THIS LOCATION*
INVESTMENT OVERVIEW:
Dunn Commercial is pleased to bring to the market for sale 5701 Village Boulevard – a ±14,623 sf commercial property situated on an oversized ±3.75-acre parcel that is 100% NNN leased to ADT Commercial, LLC (Everon) – a multi-billion-dollar company.
5701 Village Boulevard is strategically located in the heart of suburban West Palm Beach, benefiting from a highly accessible location with immediate access to I-95 via 45th Street and close proximity to Florida’s Turnpike, Downtown West Palm Beach, Palm Beach International Airport, and more.
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. 5701 Village Boulevard offers a unique opportunity for an investor to purchase a leased asset with phenomenal future upside potential through increased rents and potential building expansions, all the while enjoying the cash flow and security of a high-credit tenant and the benefits of an in-place NNN lease.
IN-PLACE NOI: $201,676.03
ABOUT THE TENANT:
ADT Commercial is an internationally recognizable brand in the security monitoring sector and the Tenant subject to the lease at 5701 Village Boulevard. In October of 2023 ADT Commercial was acquired for $1.5 billion by the 35-billion-dollar private equity firm GTCR (www.gtcr.com) and was subsequently rebranded as “Everon” (www.everonsolutions.com).
Everon is a leading provider of integrated security, fire, and life safety solutions for enterprise-scale commercial customers across the US. Through its predecessor company (ADT Commercial), Everon has built a reputation as one of the nation’s most trusted commercial security providers, with decades of experience and a proven record of excellence. The company has over 300,000 customers, 5,000 employees, and 100 offices including its corporate HQ in Boca Raton, Florida.
5701 Village Boulevard is home to Everon’s service division and service leadership team for all South Florida presumably rendering this location as part of their critical infrastructure. The facility is primarily utilized as a sales office, service dispatch center, and central meeting location for all staff and executives involved in the South Florida Atlantic division of the company.

PROPERTY FACTS

Price $6,281,640 CAD
Price Per SF $429.57 CAD
Sale Type Investment
Property Type
Flex
  • Industrial Warehouse
Building Class B
Lot Size 4.00 AC
Rentable Building Area 14,623 SF
No. Stories 1
Year Built/Renovated 1997/2021
Tenancy Single
Parking Ratio 5.68/1,000 SF
Clear Ceiling Height 20’
No. Dock-High Doors/Loading 3
Zoning CPD, West Palm Beach

AMENITIES

  • Yard

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
74-42-43-01-14-000-0012
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,139,011 CAD
  • Listing ID: 32479271

  • Date on Market: 2024-07-16

  • Last Updated:

  • Address: 5701 Village Blvd, West Palm Beach, FL 33407

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}