PRICED AT ONLY: $6,500,000
Address: 1850 Forest Hill Boulevard, West Palm Beach, FL 33406
Description
VALUE ADD OFFICE COMPLEX. First time on market. Prime corner location on Forest Hill Blvd. 4 parcels totaling 4.21 acres with 3 buildings and 52,463 rentable SF. Significant upside potential through professional management. Increase NOI immediately by leasing 76,227+ SF of available space and enforcing CAM recovery clauses. Major long term growth opportunity by marking significant below market rents to current rates as leases roll over. Recent major capital improvements de risk the investment. Ideal for a 1031 exchange or long term investor seeking substantial equity creation.
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- MLS#: RX-11101773 ( Office )
- Street Address: 1850 Forest Hill Boulevard
- Viewed: 4
- Price: $6,500,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1981
- Bldg sqft: 0
- Days On Market: 46
- Additional Information
- Geolocation: 26.6509 / -80.0783
- County: PALM BEACH
- City: West Palm Beach
- Zipcode: 33406
- Subdivision: Fla Mango Grovelets
- Provided by: EXP Realty LLC
- Contact: Klaus Sinn
- (888) 883-8509
- DMCA Notice
Features
Bedrooms / Bathrooms
- Num Toilets: 14
Building and Construction
- Absolute Longitude: 80.078302
- Construction: CBS
- Flooring: Other
- Roof: Comp Rolled
- Sqft Source: Owner
- Total Number Of Units: 44
- Total Building Sqft: 52463.00
- Type Of Building: Commercial, Free Standing, Medical, Office Space, Office/Professional
Property Information
- Property Condition: Resale
- Property Desc: Office Complex
- Property Group Id: 19990816212135227274000000
Utilities
- Air Conditioned: 100.00
- Cooling: Central Individual, Electric
- Fire Protect: Smoke Alarm, Sprinkler
- Heating: Central Individual, Electric
- Num Of Stories: 2.0
- Utilities: Cable, Electric, Public Sewer, Public Water, Separate Meter, Septic
Finance and Tax Information
- Tax Year: 2024
Rental Information
- Tenant Pays: Cable, Electric, Sewer, Water
Other Features
- Avail Docs: Aerial, Survey
- Avail Info: Copies of Lease, Existing Survey, Full Financials
- Country: United States
- Legal Desc: FLA MANGO GROVELETS ADDN NO 1 AMND LT 2 (LESS WLY 567 FT) & TH PTOF LT 3 LYG SELY OF & ADJ TO FOREST HILL BLVD BLK 6
- Miscellaneous 2: Med Plumbing, Traffic Heavy
- Parcel Id: 34434408060060021
- Possession: At Closing, Funding
- Sale Includes: Building and Land
- Use: Professional Office
- Zoning: LC(cit
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Contact Info
- The Real Estate Professional You Deserve
- Mobile: 904.248.9848
- phoenixwade@gmail.com
