Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale 2050 Vista Parkway (the “Property”), a rare, single-story office building strategically located in West Palm Beach, Florida. The building is located in the 500-acre, master-planned development known as The Vista Center. The Property consists of 15,252 rentable square feet on over one-and-a-half acres of land. 2050 Vista Parkway is currently bifurcated into two units. The current tenant, My Favorite Therapists, currently occupies 40 percent of the GLA and is under lease until the end of May, 2031. They are currently paying a below-market rent of $14.35 on a triple-net lease with 2.5-percent annual increases. The Property has recently undergone a number of exterior renovations including landscaping, painting and resurfacing, and boasts a higher-than-average parking ratio of 4.6 spaces per 1,000 rentable square feet with a total of 70 surface parking spaces. 2050 Vista Parkway is situated just off of Okeechobee Boulevard, at Jog Road, and benefits from near-immediate access to the Florida Turnpike and Interstate 95, making it extremely accessible to all of South Florida and the surrounding area. The Property is surrounded by an abundance of premier lifestyle amenities and an affluent high barrier-to-entry West Palm Beach market. Owner/User Offering 2050 Vista Parkway offers a unique opportunity for an owner to occupy up to 60 percent of the existing square footage immediately after closing, making it a perfect candidate for either a 504 or 7(a) Small Business Administration (SBA) loan. This offers an owner-user looking for a prime location in a highly soughtafter submarket with the ability to obtain SBA financing and enjoy the cash flow from the remaining tenant in the building. The current vacancy is approximately 9,200 square feet and includes a loading dock.