$5,600,000 USD
561-214-4356
1800 Madrid Ave
Lake Worth, FL 33461
Outer Greenacres
HIGHLIGHTS
- Positioned strategically in the Lake Worth submarket, which has experienced some of the highest rental growth year-over-year in the entire county.
- The continued increase is due to consistent demand from smaller to midsized tenants seeking available space in the corridor.
- With very limited availability of vacant industrial space below 40,000 SF, this opportunity will fit the needs of countless different users.
- The property has a healthy blend of significant open warehouse space as well as office space.
- Average household income nearing $80,000 in a 5-mile radius with population estimates of over 250,000 people.
- These extremely positive demographics are strongly influenced by location, increased rental growth, and declining vacancy rates.
FOR SALE DETAILS
PRICE
$5,600,000 USD
PRICE/SF
$147 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
OWNER/USER INDUSTRIAL
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1954
UTILITIES
Water - City, Sewer - City
CLEAR CEILING HT
14.5 Ft
DOCKS
-
DRIVE INS
11
PARKING SPACES
27
LAND DETAILS
LAND ACRES
1.97
LAND SF
85,813
ZONING
I-POC
APN/PARCEL ID
38-43-44-21-04-002-0011
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561-214-4356
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561-214-4356
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