Courtesy of H. Alan Welles Real Est, LLC.
$5,999,999
2223 Palm Beach Lakes Boulevard
West Palm Beach , FL 33409
-
27,266
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Property Description
9+CAP; CURRENTLY 100% OCCUPIED HOWEVER, DUE TO COVID TENANTS ARE PAYING LOWER RENTS FOR A SHORT TIME AND ARE NOT PAYING PER LEASE AGREEMENT WHICH ALLOWS FOR MULTIPLE OPPORTUNITIES FOR OWNER-USER OR INVESTMENT. OWNER IS MOTIVATED TO SELL BRING ALL CASH OFFERS. 27, 500 SF (16,500 SF) Leased to Rock Fitness Gym (GYM HAS LEGAL RENT STIPULATION AND IF NOT FOLLOWED WILL BE REMOVED VIA COURT ORDER WITHOUT ANY FURTHER HEARINGS) and (11,000 SF) Leased to Furniture Direct ( STIPULATION CURRENTLY BEING NEGOTIATED)(5 locations in S. FL) Both tenants have new 10+ year leases with options. The Retail property was completely renovated between 2017 – 2018 including a new roof.
Property Details & Features
- Commercial Industrial
- 2007
- Investment
- County: Palm Beach
- Subdivision: PALM BEACH LAKES COMM NO 3 IN
- Airport Access
- Anchor Center
- City
- Shopping Center
- Source: Palm Beach
- List price: $5,999,999
- MLS ID: 20121115220811115022000000
- Listing ID: RX-10451836
- Listing date: 2018-07-30
- Status: Active
- For lease?: Yes
- Lease year: 2018.00
- 36 minimum lease months
- $220 per square foot
- 1-3 Years
- 4-6 Years
- 7-10 Years
- Gross Rent
- Long Term
- Option Available
- 20 total bathrooms
- 11 half bathrooms, unit 1
- 11 half bathrooms, unit 2
- 27,266 total building square feet
- Built in 2007
- 1 story
- 3 units in build
- Year built description: Resale
- Square footage source: SimpleTemplate
- 3 tenants
- 1 total unit for unit 1
- 1 total unit for unit 2
- Block
- CBS
- Concrete
- Smoke Alarm
- Sprinkler
- Commercial
- Income
- Medical
- Office/Retail
- Restaurant
- Retail
- Shopping Center
- Special Purpose
- Central Individual
- Electric
- Carpet
- Marble
- Wood Floor
- Central
- Electric
- Acoustic
- Insulated
- Suspended
- 1 acres
- Unit 1 description: Shops
- Rent period, unit 1: Month
- Unit 2 description: Suites
- Rent period, unit 2: Month
- Insurance-Bldg
- Lawn Care
- Maintenance-Exterior
- Real Estate Tax
- Landscaped
- Meeting Room
- Office
- Private Restroom
- Public Restroom
- Rear Access
- Restaurant
- Separate Office Area
- Showroom
- Traffic Auto
- Traffic Heavy
- Common Area Maint.
- Electric
- Sewer
- Water
- Cash
- Conventional
- Exchange
- Property type: E
- Zoning: Store , GC
- Waterfront: No
- Canal Width 1 – 80
- Interior Canal
- Built-Up
- Other
- Steel Joist
- Security Light
- Real estate taxes: $50,034
- Year: 2017
- 3.00 meter
- 201+ Amp
- 220
- Electric
- Public Sewer
- Public Water
- Separate Meter
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