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5725 Corporate Way

West Palm Beach Short Sales

$2,950,000 USD

$2,950,000

1.15 Acres Disagree?

5725 Corporate Way

West Palm Beach Short Sales

$2,950,000

1.15 Acres

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Property Highlights

  • MLS# : A10560492
  • Listing Type : Commercial
  • Days on Market : 621
  • Status : Active
  • Year Built : 1983
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Admirals cove is one of Jupiter, Florida's finest private gated communities in Palm Beach Country and one of Florida's premier golf and yachting addresses.

Property Details

This luxury office building is located in an excellent location. The physical property consists of 19,452 sf of leasable space well situated on a large 1.149 acre lot. This property is currently 82.44% occupied with only three vacancies. It is currently grossing $251,439 annually netting $150,022. There are several existing tenants that have renewals upcoming in the next couple of years. This gives an investor a significant advantage to raise rents to market rates. Included in this offering is a pro­forma outlining new market leasing rates. These pro­forma figures project a gross operating income that will be $389,789.88 netting $288,373.88 a year. This NOI will yield an investor a 9.7% Capitalization rate.

General Information
  • Zoning: I (city)
    Fees and Membership
    • Tax Amount: $40,805
    • Tax Year: 2017
    • Tax Year: 2017

    Listing Courtesy of RE/MAX 5 Star Realty.

    West Palm Beach Short Sales Market Stats

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