5701 Village Blvd - Flex FOR SALE


West Palm Beach, FL 33407
$5,200,000 USD
561-776-9300
5701 Village Blvd, West Palm Beach, FL for Sale
$5,200,000 USD
Flex - FOR SALE
1/16
null | Request Cap Rate

5701 Village Blvd
West Palm Beach, FL 33407


HIGHLIGHTS

  • 14,623 square foot commercial/office/industrial building with an entirely new (as of 2021) build out for the existing tenant. Building painted in 2024
  • Situated on an over-sized 3.75-acre lot with a secured outside storage/yard area and over 5 parking spaces per 1,000 sf.
  • Property is built out as 50% office and 50% AC warehouse with three dock loading doors and an enclosed receiving area.
  • Property is 100% leased to ADT Commercial, LLC until August of 2032 with options to extend for up to an additional five (5) years.
  • Well-maintained property with a true “NNN” lease allowing for a Landlord to pass through Operating Expenses of the Property to the Tenant.
  • Phenomenal future upside potential through expanding the existing building and adding square footage or increasing the current below-market rents over

OVERVIEW

*TENANT RECENTLY EXERCISED AN EARLY LEASE RENEWAL THROUGH AUGUST OF 2032 ILLUSTRATING TENANT'S COMMITMENT TO THIS LOCATION* INVESTMENT OVERVIEW: Asset Specialists, Inc. is pleased to bring to the market for sale 5701 Village Boulevard – a ±14,623 sf commercial property situated on an oversized ±3.75-acre parcel that is 100% NNN leased to ADT Commercial, LLC (Everon) – a multi-billion-dollar company. 5701 Village Boulevard is strategically located in the heart of suburban West Palm Beach, benefiting from a highly accessible location with immediate access to I-95 via 45th Street and close proximity to Florida’s Turnpike, Downtown West Palm Beach, Palm Beach International Airport, and more. In recent years, West Palm Beach has experienced unprecedented growth, attracting many of the Country’s largest and most notable corporations with its competitive, business-friendly environment paired with an unmatched quality of life for its residents. 5701 Village Boulevard offers a unique opportunity for an investor to purchase a leased asset with phenomenal future upside potential through increased rents and potential building expansions, all the while enjoying the cash flow and security of a high-credit tenant and the benefits of an in-place NNN lease. IN-PLACE NOI: $201,676.03 ABOUT THE TENANT: ADT Commercial is an internationally recognizable brand in the security monitoring sector and the Tenant subject to the lease at 5701 Village Boulevard. In October of 2023 ADT Commercial was acquired for $1.5 billion by the 35-billion-dollar private equity firm GTCR (www.gtcr.com) and was subsequently rebranded as “Everon” (www.everonsolutions.com). Everon is a leading provider of integrated security, fire, and life safety solutions for enterprise-scale commercial customers across the US. Through its predecessor company (ADT Commercial), Everon has built a reputation as one of the nation’s most trusted commercial security providers, with decades of experience and a proven record of excellence. The company has over 300,000 customers, 5,000 employees, and 100 offices including its corporate HQ in Boca Raton, Florida. 5701 Village Boulevard is home to Everon’s service division and service leadership team for all South Florida presumably rendering this location as part of their critical infrastructure. The facility is primarily utilized as a sales office, service dispatch center, and central meeting location for all staff and executives involved in the South Florida Atlantic division of the company.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$356 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ADT Commercial | NNN Leased | 8 yr+ Term

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Warehouse, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

3

DRIVE INS

-

PARKING SPACES

83

LAND DETAILS

LAND ACRES

4

LAND SF

174,240

ZONING

CPD, West Palm Beach

APN/PARCEL ID

74-42-43-01-14-000-0012

ASK ABOUT THIS PROPERTY

Darryn DunnAsset Specialists, Inc.More Info
561-776-9300

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

Darryn DunnAsset Specialists, Inc.More Info
561-776-9300

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