2725 Hillsboro Rd - Warehouse FOR SALE


West Palm Beach, FL 33405
$8,995,000 USD
561-867-7991
2725 Hillsboro Rd, West Palm Beach, FL for Sale
$8,995,000 USD
Warehouse - FOR SALE
1/15
null | Request Cap Rate

2725 Hillsboro Rd
West Palm Beach, FL 33405


HIGHLIGHTS

  • Perfect opportunity for an owner/user for private storage; antiques, art, automobiles, and other collectibles. Great potential for a design showroom!
  • Warehouse situated in the heart of Palm Beach with convenient access to I-95: close to public transportation.
  • Includes 1 dock (1 exterior and 2 interior) and drive-ins.
  • This 21,000 SF industrial space was renovated to meet Chubb’s stringent specifications, offering high-end finishes and upgraded systems
  • A fully renovated industrial warehouse with robust infrastructure upgrades (HVAC, generator, high-voltage power), and ADA compliance.

OVERVIEW

The property was acquired for use as private storage and underwent an 18-month renovation, completed in August, 2020. The renovation was executed to meet Chubb’s specifications and included significant upgrades throughout. Key improvements include the installation of a new TPO roof, 10 quiet air HVAC units, three commercial-grade dehumidifiers, and a dry (pre-action) sprinkler system. The property features all-new electrical infrastructure with 624 AMPS, a full-building natural gas generator, and a carbon monoxide detection system. Interior upgrades include an interior loading dock, two ADA-compliant bathrooms, and an ADA-accessible entry/exit ramp. The warehouse offers three loading docks (two interior and one exterior) and 4 designated parking spaces in the front. The property also has a five-year lease with FDOT (Florida Department of Transportation) for the adjacent 15,000 SF lot, for $6,500/yr and includes a 5-year renewal option. The building is conveniently located just beyond the I-95 overpass off Belvedere Road, 1.3 miles from PBIA departures.

FOR SALE DETAILS

PRICE

$8,995,000 USD

PRICE/SF

$422 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Collector Warehouse

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Showroom, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

UTILITIES

Gas, Water - City, Sewer - City, Heating - Electric

CLEAR CEILING HT

20 Ft

DOCKS

3

DRIVE INS

2

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.51

LAND SF

22,216

ZONING

I, West Palm Beach

APN/PARCEL ID

74-43-43-33-34-006-0050

ASK ABOUT THIS PROPERTY

Burt MinkoffDouglas EllimanMore Info
561-867-7991

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Burt MinkoffDouglas EllimanMore Info
561-867-7991

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