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Office Vacant-User

800 Village Square

800 Village Square Crossing, Palm Beach Gardens, FL 33410

Listing Price: $5,400,000

Gross SF
11,768
Rentable SF
11,768
Price/Gross SF
$458.87
Lot Size
871.20 acres
Year Built
2002

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire 800 Village Square Crossing (the “Property”), a multi-tenant, executive-suite office building located in the heart of Palm Beach Gardens, Florida. The two- story office building totals approximately 12,000 gross square feet and is currently 100 percent occupied by a blend of tenants from various industries, generating a gross rental income of over $530,000. The Property is located in the Village Square Professional Park, and benefits from near-immediate access to Interstate 95, Florida’s Turnpike and A1A, via PGA Boulevard, providing convenient connection 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 Palm Beach Market. OWNER/USER OFFERING 800 Village Square Crossing offers a unique opportunity for an owner-user to acquire a desirable property, with high historical occupancy and short-term leases, providing the possibility for a buyer to occupy a large portion of the building within only a few months; and eventually the entire square footage, if desired. This makes the asset an ideal investment for an owner-user looking to occupy some of the space while still obtaining a solid cash flow during the process, allowing for a more flexible buildout timeline.

Investment Highlights

  • Unique Owner-User Opportunity with high current occupancy and short term leases providing a stable cash flow during renovation
  • Currently generates a gross rental income of $532,000
  • Thriving area, with high-profile national and regional companies in a highly desirable submarket
  • Near Interstate 95 and Florida's Turnpike, providing excellent access to all of South Florida and the surrounding area
  • Prime location surrounded by world-class shopping and dining, including upscale retail destinations The Gardens Mall, Downtown at the Gardens and Legacy Place
  • Affluent local demographics, with an average hou ehold income of approximately $110,000 within a three-mile radius
  • Downtown West Palm Beach and the Palm Beach International Airport are less than 15 miles away

Exclusively Listed By

Office Vacant-User

800 Village Square

Listing Price: $5,400,000

Gross SF
11,768
Rentable SF
11,768
Price/Gross SF
$458.87
Lot Size
871.20 acres
Year Built
2002

Investment Highlights

  • Unique Owner-User Opportunity with high current occupancy and short term leases providing a stable cash flow during renovation
  • Currently generates a gross rental income of $532,000
  • Thriving area, with high-profile national and regional companies in a highly desirable submarket
  • Near Interstate 95 and Florida's Turnpike, providing excellent access to all of South Florida and the surrounding area
  • Prime location surrounded by world-class shopping and dining, including upscale retail destinations The Gardens Mall, Downtown at the Gardens and Legacy Place
  • Affluent local demographics, with an average hou ehold income of approximately $110,000 within a three-mile radius
  • Downtown West Palm Beach and the Palm Beach International Airport are less than 15 miles away

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire 800 Village Square Crossing (the “Property”), a multi-tenant, executive-suite office building located in the heart of Palm Beach Gardens, Florida. The two- story office building totals approximately 12,000 gross square feet and is currently 100 percent occupied by a blend of tenants from various industries, generating a gross rental income of over $530,000. The Property is located in the Village Square Professional Park, and benefits from near-immediate access to Interstate 95, Florida’s Turnpike and A1A, via PGA Boulevard, providing convenient connection 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 Palm Beach Market. OWNER/USER OFFERING 800 Village Square Crossing offers a unique opportunity for an owner-user to acquire a desirable property, with high historical occupancy and short-term leases, providing the possibility for a buyer to occupy a large portion of the building within only a few months; and eventually the entire square footage, if desired. This makes the asset an ideal investment for an owner-user looking to occupy some of the space while still obtaining a solid cash flow during the process, allowing for a more flexible buildout timeline.

Exclusively Listed By

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