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Office

1200 University Corporate Center

1200 University Blvd, Jupiter, FL 33458

Listing Price: $8,700,000

Cap Rate
6.16%
Gross SF
26,414
Rentable SF
24,939
Price/Gross SF
$329.37
Lot Size
0.99 acres
Year Built
2001

Investment Overview

Marcus & Millichap, as exclusive agent, is pleased to present for sale 1200 University Corporate Center (the "Property"), a 24,939 rentable square foot office building located at 1200 University Boulevard in the heart of Downtown Abacoa, Jupiter, Florida. The Property is a two-story West Indies Style office building featuring concrete and glass construction with open air terraces and abundant street frontage on one of the areas main thorough fares. The Property is surrounded by an incredible mix of residential, hospitality, unique shops, services and eateries and benefits from its prime location adjacent to Roger Dean Stadium, winter home to the Miami Marlins and St. Louis Cardinals. As the only stadium in the country to host four minor league teams, the complex provides an endless supply of foot traffic throughout the year. In addition, the Property is front row for many annual events and festivals. The building features extra-high ceilings, access control systems, 2nd floor balconies, crown moulding throughout the common areas and lush tropical landscaping. The Property is currently 100 percent leased and enjoys a prime location at the center of Jupiter's Abacoa, a 2,055-acre, master planned, mixed-use community which boasts an 18-hole Joe Lee designed golf-course, considered one of South Florida's finest public courses, as well as thousands of high-end residential units ranging from multi-family rentals to single-family townhouses and free-standing houses valued from $450,000 to over $3,000,000. Further, Abacoa is also home to the Florida Headquarters for the Scripps Research Institute, Max Planck Institute for Neuroscience and the Jupiter Campus for Florida Atlantic University and has excellent access via Donald Ross Road to Interstate 95 and Florida's Turnpike at Indiantown Road providing access all over South Florida, making 1200 University Corporate Center a one-of-a-kind investment opportunity in a high barrier-to-entry location with upside income potential in a rising tide region.

Investment Highlights

  • Ideal Office Location in Suburban Urban Node
  • Walking Distance to Restaurants, Hotel, Cafe's, Coffee Shops and One-of-a-Kind Boutiques
  • Fully Occupied within a Highly Desirable Submarket
  • Located in the Prestigious Mixed-Use, Master Planned Community of Abacoa

Exclusively Listed By

Financing By

Office

1200 University Corporate Center

Listing Price: $8,700,000

Cap Rate
6.16%
Gross SF
26,414
Rentable SF
24,939
Price/Gross SF
$329.37
Lot Size
0.99 acres
Year Built
2001

Investment Highlights

  • Ideal Office Location in Suburban Urban Node
  • Walking Distance to Restaurants, Hotel, Cafe's, Coffee Shops and One-of-a-Kind Boutiques
  • Fully Occupied within a Highly Desirable Submarket
  • Located in the Prestigious Mixed-Use, Master Planned Community of Abacoa

Investment Overview

Marcus & Millichap, as exclusive agent, is pleased to present for sale 1200 University Corporate Center (the "Property"), a 24,939 rentable square foot office building located at 1200 University Boulevard in the heart of Downtown Abacoa, Jupiter, Florida. The Property is a two-story West Indies Style office building featuring concrete and glass construction with open air terraces and abundant street frontage on one of the areas main thorough fares. The Property is surrounded by an incredible mix of residential, hospitality, unique shops, services and eateries and benefits from its prime location adjacent to Roger Dean Stadium, winter home to the Miami Marlins and St. Louis Cardinals. As the only stadium in the country to host four minor league teams, the complex provides an endless supply of foot traffic throughout the year. In addition, the Property is front row for many annual events and festivals. The building features extra-high ceilings, access control systems, 2nd floor balconies, crown moulding throughout the common areas and lush tropical landscaping. The Property is currently 100 percent leased and enjoys a prime location at the center of Jupiter's Abacoa, a 2,055-acre, master planned, mixed-use community which boasts an 18-hole Joe Lee designed golf-course, considered one of South Florida's finest public courses, as well as thousands of high-end residential units ranging from multi-family rentals to single-family townhouses and free-standing houses valued from $450,000 to over $3,000,000. Further, Abacoa is also home to the Florida Headquarters for the Scripps Research Institute, Max Planck Institute for Neuroscience and the Jupiter Campus for Florida Atlantic University and has excellent access via Donald Ross Road to Interstate 95 and Florida's Turnpike at Indiantown Road providing access all over South Florida, making 1200 University Corporate Center a one-of-a-kind investment opportunity in a high barrier-to-entry location with upside income potential in a rising tide region.

Exclusively Listed By

Financing By

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