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Boynton Industrial 617 W Industrial Ave 6,525 SF 100% Leased Industrial Building Boynton Beach, FL 33426 $2,756,280 CAD ($422.42 CAD/SF) 7.48% Cap Rate
Executive Summary
• 100% Leased Small-Bay Industrial Asset totaling 6,525 SF
• Recently Renovated (2023) – upgraded 1972 construction
• Strong In-Place Cash Flow with stabilized occupancy
• Mark-to-Market Opportunity – rents ~20% below submarket levels
• Additional Upside with below-market underwriting vs. competition
• Located in Affluent Boynton Beach Submarket with strong tenant demand
• Excellent Accessibility – immediate access to I-95 and Boynton Beach Blvd
• Scarce Small-Bay Product in a high-demand South Florida corridor
• Investor Opportunity to increase NOI while maintaining competitive positioning
• Recently Renovated (2023) – upgraded 1972 construction
• Strong In-Place Cash Flow with stabilized occupancy
• Mark-to-Market Opportunity – rents ~20% below submarket levels
• Additional Upside with below-market underwriting vs. competition
• Located in Affluent Boynton Beach Submarket with strong tenant demand
• Excellent Accessibility – immediate access to I-95 and Boynton Beach Blvd
• Scarce Small-Bay Product in a high-demand South Florida corridor
• Investor Opportunity to increase NOI while maintaining competitive positioning
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$249,066
|
$38.17
|
| Other Income |
$16,941
|
$2.60
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$266,007
|
$40.77
|
| Taxes |
$28,941
|
$4.44
|
| Operating Expenses |
$30,982
|
$4.75
|
| Total Expenses |
$59,923
|
$9.18
|
| Net Operating Income |
$206,084
|
$31.58
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $249,066 |
| Annual Per SF | $38.17 |
| Other Income (CAD) | |
|---|---|
| Annual | $16,941 |
| Annual Per SF | $2.60 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $266,007 |
| Annual Per SF | $40.77 |
| Taxes (CAD) | |
|---|---|
| Annual | $28,941 |
| Annual Per SF | $4.44 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $30,982 |
| Annual Per SF | $4.75 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $59,923 |
| Annual Per SF | $9.18 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $206,084 |
| Annual Per SF | $31.58 |
Property Facts
Amenities
- 24 Hour Access
- Fenced Lot
- Signage
- Shallow Bay
- Air Conditioning
Utilities
- Water - City
- Sewer - City
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Handy Services-The Palm Bchs
- Professional, Scientific, and Technical Services
- -
- -
- -
- Illumination
- Retailer
- -
- -
- -
- K & D Cycles LLC
- Public Administration
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Handy Services-The Palm Bchs | Professional, Scientific, and Technical Services | - | - | - | ||
| Illumination | Retailer | - | - | - | ||
| K & D Cycles LLC | Public Administration | - | - | - |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 08-43-45-20-02-002-0070 | Total Assessment | $1,452,174 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $28,941 CAD ($4.44 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
08-43-45-20-02-002-0070
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,452,174 CAD
Annual Taxes
$28,941 CAD ($4.44 CAD/SF)
Tax Year
2025
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Boynton Industrial | 617 W Industrial Ave
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