Office
6801 Lake Worth Road
6801 Lake Worth Rd, Greenacres, FL 33467
Listing Price: $13,950,000
Investment Overview
Marcus & Millichap is pleased to exclusively present 6801 Lake Worth Road, a 62,748-squarefoot multi-tenant office property situated on a 4.5-acre parcel in Greenacres, Florida. The property is prominently positioned along Lake Worth Road, a primary east-west arterial serving central Palm Beach County, with traffic counts exceeding 51,700 vehicles per day at nearby intersections.
The asset features a well-maintained, campus-style office building with a diversified tenant mix concentrated in medical, healthcare, and professional office uses. The property is currently 90.7% occupied and generates $1.12 million in in-place NOI, providing stable cash flow supported by established tenancy and continued leasing activity.
Ownership has completed significant capital improvements across the property, including HVAC replacements, elevator upgrades, common area renovations, and parking lot enhancements, positioning the asset for long-term operational performance. With its scale, strong occupancy, and ongoing reinvestment, 6801 Lake Worth Road offers investors the opportunity to acquire a stabilized office asset with durable income and future upside.
6801 Lake Worth Road
Investment Highlights
- Stabilized Multi-Tenant Office Property: 62,748 square feet of office space with 90.7% occupancy and a diversified tenant roster anchored by healthcare and professional office users.
- Durable In-Place Cash Flow: Generates $1,116,180 of in-place NOI with projected income growth driven by leasing and rental rate upside.
- Prominent Lake Worth Road Frontage: Positioned along a major Palm Beach County corridor with traffic counts exceeding 51,700 vehicles per day, providing strong visibility and accessibility.
- Significant Capital Investment: Over $1.2 million invested in capital improvements since 2014, including HVAC systems, elevator upgrades, parking lot enhancements, and common area renovations.
- Strong Parking Ratio: Approximately 336 surface parking spaces, equating to 5.4 spaces per 1,000 SF, well suited for medical and professional office tenancy.
- Limited New Office Supply: Located within a submarket characterized by constrained new development, supporting long-term occupancy and rental rate stability.
- Regional Accessibility: Convenient access to Interstate 95, Florida's Turnpike, and Palm Beach International Airport, supporting a broad tenant draw.
Exclusively Listed By
Listing Price: $13,950,000
Investment Highlights
- Stabilized Multi-Tenant Office Property: 62,748 square feet of office space with 90.7% occupancy and a diversified tenant roster anchored by healthcare and professional office users.
- Durable In-Place Cash Flow: Generates $1,116,180 of in-place NOI with projected income growth driven by leasing and rental rate upside.
- Prominent Lake Worth Road Frontage: Positioned along a major Palm Beach County corridor with traffic counts exceeding 51,700 vehicles per day, providing strong visibility and accessibility.
- Significant Capital Investment: Over $1.2 million invested in capital improvements since 2014, including HVAC systems, elevator upgrades, parking lot enhancements, and common area renovations.
- Strong Parking Ratio: Approximately 336 surface parking spaces, equating to 5.4 spaces per 1,000 SF, well suited for medical and professional office tenancy.
- Limited New Office Supply: Located within a submarket characterized by constrained new development, supporting long-term occupancy and rental rate stability.
- Regional Accessibility: Convenient access to Interstate 95, Florida's Turnpike, and Palm Beach International Airport, supporting a broad tenant draw.
Investment Overview
Marcus & Millichap is pleased to exclusively present 6801 Lake Worth Road, a 62,748-squarefoot multi-tenant office property situated on a 4.5-acre parcel in Greenacres, Florida. The property is prominently positioned along Lake Worth Road, a primary east-west arterial serving central Palm Beach County, with traffic counts exceeding 51,700 vehicles per day at nearby intersections. The asset features a well-maintained, campus-style office building with a diversified tenant mix concentrated in medical, healthcare, and professional office uses. The property is currently 90.7% occupied and generates $1.12 million in in-place NOI, providing stable cash flow supported by established tenancy and continued leasing activity. Ownership has completed significant capital improvements across the property, including HVAC replacements, elevator upgrades, common area renovations, and parking lot enhancements, positioning the asset for long-term operational performance. With its scale, strong occupancy, and ongoing reinvestment, 6801 Lake Worth Road offers investors the opportunity to acquire a stabilized office asset with durable income and future upside.
Exclusively Listed By
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