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    2223 Palm Beach Lakes Boulevard

    West Palm Beach, FL 33409
    • $5,999,999
    • STATUS: Active
    • ON SITE: 994 days
    • ID#: RX-10451836
    UPDATED: 37 min ago
    $5,999,999
    • 0
      BEDS
    • 1.75
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 27,266
      SQFT
    • $220
      $/SQFT
    Type:
    Commercial
    Built:
    2007
    County:

    School Ratings & Info

    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.

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    www.poshflorida.com/homes/86104405
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    2223 Palm Beach Lakes Boulevard West Palm Beach, FL 33409

    • Price: $5,999,999
    • Status: Active
    • Updated: 37 min ago
    • ID#: RX-10451836
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.75
    Acres
    27,266
    SQFT
    $220
    $/SQFT
    2007
    Built
    Neighborhood:
    Palm Beach Lakes Comm No 3 In
    County:
    Palm Beach
    Area:
    West Palm Beach
    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.
    Exterior Features

    Construction BlockCbsConcrete Miles To Expressway 1 Roof Built-UpOtherSteel Joist Waterfront Description Canal Width 1 - 80Interior Canal Waterfront YN No

    Interior Features

    Bath Toilets 20.00 Ceiling AcousticInsulatedSuspended Cooling Central IndividualElectric Flooring CarpetMarbleWood Floor Heating CentralElectric Miscellaneous1 Landscaped Miscellaneous2 Meeting RoomOfficePrivate RestroomPublic RestroomRear AccessRestaurantSeparate Office AreaShowroomTraffic AutoTraffic Heavy Percent Air Conditioned 100.00 Unit1 Half Baths 11 Unit1 Unit Desc Shops Unit2 Half Baths 11 Unit2 Unit Desc Suites

    Property Features

    Available Docs Enviro. Audit-Ph1Survey Available Info AppraisalCopies Of LeaseExisting SurveyFull FinancialsPhotos Built Desc Resale Fire Protection Smoke AlarmSprinkler For Lease Yes For Sale Yes Lease 1-3 Years4-6 Years7-10 YearsGross RentLong TermOption Available List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location Airport AccessAnchor CenterCityInvestmentShopping Center Maintenance Fee Includes Insurance-BldgLawn CareMaintenance-ExteriorReal Estate Tax Meters 3.00 Min Lease Months 36.00 Possession At ClosingFunding Sale Includes Building And LandSigns Security Security Light Special Info City JurisdictionTitle Insurance Tax Amount Real Estate Taxes 50034.00 Tax Year 2017 Tenant Pays Common Area Maint.ElectricSewerWater Tenants 3 Terms Considered CashConventionalExchange Type Of Building CommercialIncomeMedicalOffice/RetailRestaurantRetailShopping CenterSpecial Purpose Unit1 Rent Period Month Unit1 Units 1 Unit2 Rent Period Month Unit2 Units 1 Use OtherProfessional OfficeRetail Utilities 201+ Amp220ElectricPublic SewerPublic WaterSeparate Meter

    Listing provided courtesy of H. Alan Welles Real Est, Llc. Listing information © 2021 BeachesMLS
     
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