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The Rayus Radiology Building, West Palm Beach, FL

1572 Palm Beach Lakes Blvd, West Palm Beach, FL 33401

Listing Price: $8,025,000

Cap Rate
5.74%
Gross SF
11,736
Rentable SF
11,736
Price/Gross SF
$683.79
Lot Size
1.18 acres
Year Built
2001

Investment Overview

Marcus and Millichap is pleased to present The Rayus Radiology Building, a 11,736 square foot, 100% occupied, prime 2- tenant medical/retail building located at 1572 Palm Beach Lakes Blvd. in the heart of West Palm Beach. Located just east of Interstate I-95 on exceptionally highly trafficked Palm Beach Lakes Blvd. The Rayus Building is situated on a large 1.17 acre, hard corner lot with a huge parking field. Surrounded by office buildings, hotels, banks, restaurants, and retailers such as Tanger Palm Beach Outlets a 440,000 square foot outlet mall, Nike, Whole Foods, BJ’s Restaurant, Home Depot, Hilton, Wyndham,… just to name a few and is less than 2 miles from Good Samaritan Medical Center, a 333 bed facility with a 22-bay emergency department. Rayus Radiology occupies 86.5% of the GLA and Metro PCS, a tenant since 2009, the balance. Both Rayus and Metro PCS have absolute triple net leases with 3% annual rent increases.

Rayus Radiology has been in operation for 40+ years and is a national provider of high-quality diagnostic imaging and interventional radiology thru its 153 locations and 200+ hospital partnerships and solutions in 50 States and Canada.

1572 Palm Beach Lakes Blvd. offers an investor to acquire an exceptional, 100% occupied medical/retail asset in the heart of West Palm Beach with long term tenants and no management responsibility.

Investment Highlights

  • Absolute Triple Net Lease with 3% Annual Rent Increases
  • National Tenant with 150+ Locations
  • 195' of Direct Frntage on Palm Beach Lakes Boulevard

Exclusively Listed By

Shopping Strip

The Rayus Radiology Building, West Palm Beach, FL

Listing Price: $8,025,000

Cap Rate
5.74%
Gross SF
11,736
Rentable SF
11,736
Price/Gross SF
$683.79
Lot Size
1.18 acres
Year Built
2001

Investment Highlights

  • Absolute Triple Net Lease with 3% Annual Rent Increases
  • National Tenant with 150+ Locations
  • 195' of Direct Frntage on Palm Beach Lakes Boulevard

Investment Overview

Marcus and Millichap is pleased to present The Rayus Radiology Building, a 11,736 square foot, 100% occupied, prime 2- tenant medical/retail building located at 1572 Palm Beach Lakes Blvd. in the heart of West Palm Beach. Located just east of Interstate I-95 on exceptionally highly trafficked Palm Beach Lakes Blvd. The Rayus Building is situated on a large 1.17 acre, hard corner lot with a huge parking field. Surrounded by office buildings, hotels, banks, restaurants, and retailers such as Tanger Palm Beach Outlets a 440,000 square foot outlet mall, Nike, Whole Foods, BJ’s Restaurant, Home Depot, Hilton, Wyndham,… just to name a few and is less than 2 miles from Good Samaritan Medical Center, a 333 bed facility with a 22-bay emergency department. Rayus Radiology occupies 86.5% of the GLA and Metro PCS, a tenant since 2009, the balance. Both Rayus and Metro PCS have absolute triple net leases with 3% annual rent increases. Rayus Radiology has been in operation for 40+ years and is a national provider of high-quality diagnostic imaging and interventional radiology thru its 153 locations and 200+ hospital partnerships and solutions in 50 States and Canada. 1572 Palm Beach Lakes Blvd. offers an investor to acquire an exceptional, 100% occupied medical/retail asset in the heart of West Palm Beach with long term tenants and no management responsibility.

Exclusively Listed By

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