2051 Dr Martin Luther King Jr Blvd - Office FOR SALE


Riviera Beach, FL 33404
$14,100,000 USD
954-652-4635
2051 Dr Martin Luther King Jr Blvd, Riviera Beach, FL for Sale
$14,100,000 USD
Office - FOR SALE
1/27
null | Request Cap Rate

2051 Dr Martin Luther King Jr Blvd
Riviera Beach, FL 33404


HIGHLIGHTS

  • Well-located Class B office building in Riviera Beach with fantastic access and visibility.
  • Strong cash flows from synergistic rent roll of municipal government tenants and agencies that service the local community.
  • The Property has been completed renovated, including a new roof, with no deferred maintenance.
  • Additional upside potential through lease up of vacancies and increasing in-place rents.

OVERVIEW

Local Government and Community Services Office Building For Sale. Port Center is a well maintained, three-story Class B office building centrally located in Riviera Beach. The Property has been completely updated, including a new roof in 2024, and features an impressive rent roll of municipal government tenants and agencies that service the local community. Overall, Port Center presents as an attractive investment opportunity for a wide range of investors with no deferred maintenance, a strong location, and robust cash flows from long term tenants that are an integral part of the local community.

FOR SALE DETAILS

PRICE

$14,100,000 USD

PRICE/SF

$219 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Port Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

264

LAND DETAILS

LAND ACRES

5.91 AC

LAND SF

257,440 SF

ZONING

IG

APN/PARCEL ID

56-43-42-31-06-001-0020

ASK ABOUT THIS PROPERTY

Jennifer EubanksColliersMore Info
954-652-4635

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Jennifer EubanksColliersMore Info
954-652-4635

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.