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836-850 Park Ave 7 200 pi² 100% Loué Commerce de détail Immeuble Lake Park, FL 33403 1 903 284 $ CAD (264,34 $ CAD/pi²) 4,96% Taux de capitalisation
Certaines informations ont été traduites automatiquement.
Résumé de l'annonce
BELOW MARKET RENTS
In-place rents are well below current market rates for comparable inline retail in the
Palm Beach MSA. Four lease expirations within 12 months of acquisition provide
immediate opportunity to reset rents to market.
GROUND ZERO FOR LAKE PARK’S DOWNTOWN REDEVELOPMENT
Park Ave Shoppes sits at the center of the Park Avenue Downtown District (PADD),
where Lake Park has rezoned for high-density mixed-use. The corridor is undergoing
significant private investment activity driven by the Town’s planning initiatives.
$1 BILLION+ IN NEW DEVELOPMENT WITHIN WALKING DISTANCE
Nautilus 220 — the largest condo-anchored mixed-use project in Palm Beach
County — has opened, delivering 330 luxury waterfront condos, 22,600 SF of retail,
and 13,000 SF of office space within blocks of the property. Units are priced from
$600K to over $4M.
595-UNIT MIXED-USE TOWER APPROVED AT PARK & 10TH
The Residences at 10th & Park received unanimous approval from Lake Park’s
Planning & Zoning Board on June 13, 2024 — a 16-story, 595-unit mixed-use tower
at the corner of 10th Street and Park Avenue, currently in development.
PROPOSED TRI-RAIL COASTAL LINK STATION — PARK AVENUE
A Tri-Rail Coastal Link station is planned for Old Dixie Highway and Park Avenue
in Lake Park, which would provide direct rail access to West Palm Beach, Fort
Lauderdale, and Miami.
LOCATION — BETWEEN PALM BEACH AND JUPITER
Lake Park is situated between North Palm Beach and Riviera Beach, with limited
available retail land and minimal new retail supply in the immediate trade area.
FIRST TIME ON THE MARKET SINCE 1962
The property has been under single-family ownership for over 60 years and is being
offered for the first time, fully occupied.
FOUR LEASES EXPIRING WITHIN 12 MONTHS OF ACQUISITION
Four of the eight suites have lease expirations within 12 months of acquisition,
providing near-term optionality to reset rents to current market rates.
In-place rents are well below current market rates for comparable inline retail in the
Palm Beach MSA. Four lease expirations within 12 months of acquisition provide
immediate opportunity to reset rents to market.
GROUND ZERO FOR LAKE PARK’S DOWNTOWN REDEVELOPMENT
Park Ave Shoppes sits at the center of the Park Avenue Downtown District (PADD),
where Lake Park has rezoned for high-density mixed-use. The corridor is undergoing
significant private investment activity driven by the Town’s planning initiatives.
$1 BILLION+ IN NEW DEVELOPMENT WITHIN WALKING DISTANCE
Nautilus 220 — the largest condo-anchored mixed-use project in Palm Beach
County — has opened, delivering 330 luxury waterfront condos, 22,600 SF of retail,
and 13,000 SF of office space within blocks of the property. Units are priced from
$600K to over $4M.
595-UNIT MIXED-USE TOWER APPROVED AT PARK & 10TH
The Residences at 10th & Park received unanimous approval from Lake Park’s
Planning & Zoning Board on June 13, 2024 — a 16-story, 595-unit mixed-use tower
at the corner of 10th Street and Park Avenue, currently in development.
PROPOSED TRI-RAIL COASTAL LINK STATION — PARK AVENUE
A Tri-Rail Coastal Link station is planned for Old Dixie Highway and Park Avenue
in Lake Park, which would provide direct rail access to West Palm Beach, Fort
Lauderdale, and Miami.
LOCATION — BETWEEN PALM BEACH AND JUPITER
Lake Park is situated between North Palm Beach and Riviera Beach, with limited
available retail land and minimal new retail supply in the immediate trade area.
FIRST TIME ON THE MARKET SINCE 1962
The property has been under single-family ownership for over 60 years and is being
offered for the first time, fully occupied.
FOUR LEASES EXPIRING WITHIN 12 MONTHS OF ACQUISITION
Four of the eight suites have lease expirations within 12 months of acquisition,
providing near-term optionality to reset rents to current market rates.
Faits sur la propriété
Type de vente
Investissement
Conditions de vente
Type de propriété
Commerce de détail
Sous-type de propriété
Immeuble de commerce
Taille du bâtiment
7 200 pi²
Classe d’immeuble
C
Année de construction
1965
Prix
1 903 284 $ CAD
Prix par pi²
264,34 $ CAD
Taux de capitalisation
4,96%
Revenu net d’exploitation
94 375 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,32
Taille du lot
0,51 AC
Zonage
C1C/TCC
Stationnement
40 places (5,56 places par 1 000 pi² loué)
Façade
71’ sur 9th St
Moyennement accessible à pied
60/100
Moyennement adapté aux voitures
70/100
Transports en commun limités
30/100
Plutôt accessible en vélo
50/100
Principaux détaillants à proximité
Nature's Way Cafe
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 0 $ CAD | |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 1 313 894 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
1 313 894 $ CAD
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836-850 Park Ave
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