Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale Lantana Industrial (the “Property), a +/-50,000-square-foot, two-building, small-bay industrial property in the heart of Lantana, Florida. The Property boasts a 100-percent occupancy rate, with a diverse tenant roster. The buildings are comprised of 18 units ranging from 2,550 to 3,600 square feet, each with individual HVAC units and fire sprinkler systems. The Property sits on a 2.89-acre parcel and has 15 grade-level loading docks and 78 designated parking spaces. Lantana Industrial is conveniently located in the Lantana Industrial Park near Federal Highway (US-1), and is just one mile east of Interstate 95, making it easily accessible from anywhere in South Florida. This convenient location is also less than ten miles from the Palm Beach International Airport, and just 16 miles from the Port of Palm Beach. Built in 1987 and 1988, the buildings are constructed with reinforced concrete and have standing-seam, sloping metal roofs. The Property has three-phase power, and the parking lots were repaved, striped and sealed in 2016. Lantana Industrial is within the Lake Worth East submarket of Palm Beach County, which is expected to see a population growth of almost six percent in the next five years. The Property is also adjacent to the Water Tower Commons, a 73-acre mixed-use development project, which includes residential units, commercial space, and popular businesses such as Aldi, Wawa and Chick-fil-a. With rental rates that are well-below market and a majority of tenants having renewal dates within the next year, Lantana Industrial has excellent upside potential for investors.