Warehouse

Interstate Industrial Park

Listing Price: $14,500,000

Cap Rate
5.86%
Gross SF
160,302
Price/Gross SF
$90.45
Lot Size
8.74 acres
Year Built
1987
Rentable SF
160,302

Investment Overview

Marcus & Millichap, as exclusive agent, is pleased to present for sale Interstate Industrial Park (the “Property”), a three-building industrial center totaling approximately 160,000 square feet on 8.74 acres. The three buildings are comprised of one metal, one Butler, and one concrete constructed building. The assets are well located off Martin Luther King Jr. Blvd (Bee Line Highway) on the east side of Interstate 95 in Riviera Beach; within the West Palm Beach MSA. Interstate Industrial Park is 88 percent occupied with a diverse mix of tenants in units that range from 2,000 to 16,750 square feet. These assets have had significant recent capital improvement including new roll-up bay doors, renovated roofs, newly installed LED lighting and recent paint jobs. Furthermore, the recent leases signed have shown an opportunity to push value in rents going forward

Investment Highlights

  • Significant Recent Capex, Enhancing the Look and Value of the Buildings
  • Strategic Location With Proximity to Affluent Areas to the North and South
  • Convenient Access Within Minutes of South Florida's Two Most Heavily Travelled Highways
  • Future Income Upside With Escalating Market Rents
  • Clear Heights of 18 to 20 Feet

Exclusively Listed By

Listing Price: $14,500,000

Cap Rate
5.86%
Gross SF
160,302
Price/Gross SF
$90.45
Lot Size
8.74 acres
Year Built
1987
Rentable SF
160,302

Investment Highlights

  • Significant Recent Capex, Enhancing the Look and Value of the Buildings
  • Strategic Location With Proximity to Affluent Areas to the North and South
  • Convenient Access Within Minutes of South Florida's Two Most Heavily Travelled Highways
  • Future Income Upside With Escalating Market Rents
  • Clear Heights of 18 to 20 Feet

Investment Overview

Marcus & Millichap, as exclusive agent, is pleased to present for sale Interstate Industrial Park (the “Property”), a three-building industrial center totaling approximately 160,000 square feet on 8.74 acres. The three buildings are comprised of one metal, one Butler, and one concrete constructed building. The assets are well located off Martin Luther King Jr. Blvd (Bee Line Highway) on the east side of Interstate 95 in Riviera Beach; within the West Palm Beach MSA. Interstate Industrial Park is 88 percent occupied with a diverse mix of tenants in units that range from 2,000 to 16,750 square feet. These assets have had significant recent capital improvement including new roll-up bay doors, renovated roofs, newly installed LED lighting and recent paint jobs. Furthermore, the recent leases signed have shown an opportunity to push value in rents going forward

Exclusively Listed By

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