3555 Fiscal Ct, West Palm Beach FL 33404,West Palm Beach,Palm Beach County,Commercial Sale

  • $4,700,000
3555 Fiscal Ct, West Palm Beach FL 33404
  • Flex Space
  • Property Type
  • 1990
  • Year Built
Commercial Sale Active
3555 Fiscal Ct, West Palm Beach FL 33404,West Palm Beach,Palm Beach County,Commercial Sale
3555 Fiscal Ct, West Palm Beach FL 33404
  • $4,700,000

Description

This functional small bay industrial/flex property in Riviera Beach, FL, has been fully occupied by national and regional tenants for over 15 years. The current leases are nearing their ends, with 2 and 3 years remaining. With a current NOI of $264,393, which is below market rent, there’s potential for increased revenue in 2027 and 2028 based on the actual market value of $25 per square foot (NNN). The property features a versatile layout with 9 grade-level doors, office and showroom frontage on a prominent road, and easy access to I-95 via major boulevards. All NNN leases enable investors to transfer future operating cost increases to tenants. With its prime location and functionality, this property is an excellent investment opportunity for both owner-users and investors.

  • City West Palm Beach
  • State/county Palm Beach County
  • Zip/Postal Code 33404

Details

Updated on July 24, 2024 at 3:18 am
  • Property ID: A11624171
  • Price: $4,700,000
  • Land Area: 1.3148 m²
  • Year Built: 1990
  • Property Type: Flex Space
  • Property Status: Commercial Sale

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David Maison Soto
  • David Maison Soto