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Fairway Office Center 7108 Fairway Dr 47,818 SF 97% Leased 4-Star Office Building Palm Beach Gardens, FL 33418 For Sale



INVESTMENT HIGHLIGHTS
- Significant Mark-to-Market: In-place rents average 30% below market presenting the opportunity to grow NOI ~50% over the next 5 years.
- Premier Location: Immediate access to the Florida Turnpike along with the region’s most prestigious executive neighborhoods.
- High-income demographics: $204K avg. household income.
- South Florida’s Best Micro Market: PGA Blvd average occupancy of 95% with no new construction in the market.
- High Barrier to Entry: Rare acquisition opportunity in the tightly-held PGA Blvd corridor substantially below replication costs.
EXECUTIVE SUMMARY
Institutionally maintained since delivery and recently refreshed, the Property presents an opportunity to grow NOI by 50% over the next five years, primarily driven by significant mark-to-market potential as in-place rents currently average 30% below market rates. Adding to this upside, the Property’s established presence as a medical destination offers distinct business plan optionality, allowing future ownership to capitalize on the sector’s resilient demand. With no new office buildings under construction in the market today, new ownership can continue to grow rates while maintaining a discount to replacement cost rents, which exceed $70/SF NNN.
Fairway Center’s irreplaceable location provides immediate access to The Florida Turnpike as well as seamless access to the region’s most prestigious executive neighborhoods and premier lifestyle amenities, including the renowned PGA National Resort and Spa and numerous exclusive country club communities.
This offering represents a rare acquisition opportunity in the tightly-held PGA Boulevard corridor, combining defensive cash flow with compelling value creation potential in South Florida’s most resilient office submarket.
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Pond
- Signage
- Waterfront
- Energy Star Labeled
SUSTAINABILITY
SUSTAINABILITY
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
At Alliant, they have created an organizational culture full of high-energy, talented, brokers and creative professionals who are dedicated to solving a client's challenges. They are a large commercial retail insurance brokerage firms in the U.S., they combine the power and breadth of big-company resources with a hyper-personalized approach that puts clients interests above everything else. Their culture of entrepreneurialism, collaboration, and innovation gives them the independence and accountability to create solutions that uniquely match clients needs.
Caring People is a home care agency with more than 25,000 clients served over the past 25 years. They provide a wide range of care-based services, including Alzheimer’s and dementia care, companion care, skilled nursing care, care management, and hands-on care. Their skilled professionals deliver the utmost care with empathy and commitment.
Fit 4 Life Medical Weight Loss Center is a weight loss clinic with locations in Miami, South Florida and Doral. Their goal is to show you how to lose weight and keep it off. They integrate the science of weight loss with nutritional and lifestyle changes medically proven to provide permanent healthy weight loss results and long-term weight control. The main emphasis of the program is on promoting positive lifestyle changes that lead to a healthier individual and long-term weight loss success. It is designed to help participants lose weight, boost metabolism, increase natural energy, and burn fat while reducing inches. Weight loss can be achieved without hunger or cravings. Participants enjoy healthy, delicious real food and learn to make better dietary choices. Once weight loss goals are met, Maintenance Programs are available to support ongoing weight management.
They are Haber Law, a firm focused on four (4) core practice areas of Construction Law and Construction and Design Defect Litigation, Condominium and Homeowners Association Law, Complex Business and Commercial Litigation and Real Estate Law. Their attorneys also provide knowledgeable representation in a variety of other civil practice areas, including Bankruptcy Creditor’s Rights Representation, Business Law, Aviation Law, and Employment Litigation. They are a team of intelligent, hard-working, innovative attorneys who work in concert with clients, never losing sight of the client’s objectives. They think like business people, not just as attorneys. Their unique method is an effective means of achieving goals, regardless of legal matter. They analyze the issues and possible solutions, then develop a methodology and timeline necessary to achieve that desired result or goal.
Jacobs is a publicly traded professional services firm founded in 1947 and headquartered in Dallas, Texas, with a major regional office in Los Angeles, California. The company provides technical, professional, and construction services across multiple sectors, including transportation, water, environmental, advanced manufacturing, life sciences, and national security. Jacobs emphasizes sustainability, innovation, and integrated solutions, leveraging advanced technologies and data-driven strategies to address complex challenges.
Two decades of success in real estate and alternative investment management has re-affirmed their commitment to Kipling Capital's business model which stresses commonality of interest as a cornerstone of our investment philosophy. Their model is based on identifying quality sponsors who are experts in their market area, have high integrity, a proven business model, a value-added component, a desire to co-invest, and willingness to structure investment terms that align their interests with yours. Although their model does not guarantee success, they have long believed that it provides the best foundation for sustainable wealth creation.
Since 2003, L3 Family Wealth Partners has provided comprehensive financial services to clients seeking to grow their assets and plan for the future. The firm takes a holistic approach to financial management by thoroughly understanding each client’s current financial situation, goals, and preferences, in order to develop a truly customized plan that best serves them and their family.
Workaway International is a USA based recruiting company with its headquarters in Palm Beach Gardens, Florida. They have agent offices based in other countries such as South Africa, Ireland, Italy, Portugal and Romania. Workaway International provides you with an opportunity to spend 6 to 8 months working in the exciting environment of a world class Country Club in the USA.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
Finance and Insurance | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Professional, Scientific, and Technical Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Professional, Scientific, and Technical Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Finance and Insurance | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Finance and Insurance | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Administrative and Support Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| 3rd Fl-Ste 7108-340 | 1,484 SF | Office | Partial Build-Out | Now |
3rd Fl-Ste 7108-340
| Size |
| 1,484 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
3rd Fl-Ste 7108-340
| Size | 1,484 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
PROPERTY TAXES
| Parcel Number | 52-42-42-10-00-000-1100 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $20,748,739 CAD |
PROPERTY TAXES
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Fairway Office Center | 7108 Fairway Dr
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