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Warehouse

Lake Worth Small-Bays

1102 4th Ave N, Lake Worth, FL 33460

Listing Price: $1,425,000

Cap Rate
6.48%
Gross SF
10,245
Price/Gross SF
$139.09
Lot Size
0.47 acres
Year Built
1965
Rentable SF
10,245

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale Lake Worth Small Bays (the “Property”), a 10,245-square-foot, small-bay industrial building pair in Palm Beach County. The Property is located in the city of Lake Worth, just north of its downtown and about one half mile east of Interstate 95, in a narrow industrial corridor that runs alongside the Florida East Coast railway. Lake Worth Small Bays is comprised of two buildings of concrete construction, with a Twin-T concrete roof structure. The Property contains 21 bay doors and is currently configured as 13 suites, ranging in size from 305 to 2,150 square feet. The tenants are generally small local businesses, and recent leasing activity has brought occupancy up to 100 percent. Lake Worth Small Bays is an attractive, turnkey, cash-flowing asset from the moment of ownership, and stabilized occupancy with almost zero maintenance requirements make the Property an excellent long-term investment.

Investment Highlights

  • Durable Construction – Concrete Walls and Twin-T Concrete Roof Provide Enduring Stability of Structure
  • Strong Occupancy – Currently 100 Percent Occupied; with strong Historical Occupancy
  • Short-Term Leases – Allow Rapid Rent Increases, Capitalizing on Current Market Scarcity for Industrial Product

Exclusively Listed By

Warehouse

Lake Worth Small-Bays

Listing Price: $1,425,000

Cap Rate
6.48%
Gross SF
10,245
Price/Gross SF
$139.09
Lot Size
0.47 acres
Year Built
1965
Rentable SF
10,245

Investment Highlights

  • Durable Construction – Concrete Walls and Twin-T Concrete Roof Provide Enduring Stability of Structure
  • Strong Occupancy – Currently 100 Percent Occupied; with strong Historical Occupancy
  • Short-Term Leases – Allow Rapid Rent Increases, Capitalizing on Current Market Scarcity for Industrial Product

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale Lake Worth Small Bays (the “Property”), a 10,245-square-foot, small-bay industrial building pair in Palm Beach County. The Property is located in the city of Lake Worth, just north of its downtown and about one half mile east of Interstate 95, in a narrow industrial corridor that runs alongside the Florida East Coast railway. Lake Worth Small Bays is comprised of two buildings of concrete construction, with a Twin-T concrete roof structure. The Property contains 21 bay doors and is currently configured as 13 suites, ranging in size from 305 to 2,150 square feet. The tenants are generally small local businesses, and recent leasing activity has brought occupancy up to 100 percent. Lake Worth Small Bays is an attractive, turnkey, cash-flowing asset from the moment of ownership, and stabilized occupancy with almost zero maintenance requirements make the Property an excellent long-term investment.

Exclusively Listed By

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