8380 Resource Dr - Warehouse FOR SALE


Riviera Beach, FL 33404
$3,195,000 USD
561-214-4356
8380 Resource Dr, Riviera Beach, FL for Sale
$3,195,000 USD
Warehouse - FOR SALE
1/3
null | Request Cap Rate

8380 Resource Dr
Riviera Beach, FL 33404


OVERVIEW

Exceptional Location – Positioned strategically in the West Palm Beach submarket, the property benefits from excellent connectivity to major transportation hubs, including I-95 and the Florida Turnpike, ensuring seamless accessibility for businesses and customers. Its proximity to the Port of Palm Beach and Palm Beach International Airport further enhances its appeal for logistics and distribution operations. Additionally, the area is surrounded by a mix of commercial and residential developments, creating a high-demand environment for businesses seeking a strategic foothold in West Palm Beach. Nearby Developments – The area is surrounded by a mix of commercial and residential developments, creating a high-demand environment for businesses seeking a strategic foothold in West Palm Beach. Owner/User Opportunity – With very limited availability of industrial space below ±15,000 SF, this opportunity will fit the needs of countless different users. The property has a healthy blend of warehouse, office, and showroom space with ample parking. The property will be delivered entirely vacant. Building Features – The property has ±12,200 SF, newer CBS construction, impact-resistant windows, and high-quality interior finishes such as high ceilings, arched doorways, and marble tiling in the showroom. It is 100% air conditioned with 28% built out as office space and has an adequate parking ratio (3.63 : 1,000 SF). The building includes a grade-level door and spacious warehouse-storage areas, making it particularly attractive for logistics and distribution businesses. With its contemporary design and functional amenities, this property provides a turnkey solution for businesses seeking an efficient and professional environment. Submarket Fundamentals – With little industrial development or supply over the past 18 months, landlords have been able to push rental rates much higher than the metro average as the market becomes tighter. Situated in the heart of a well-established industrial and commercial corridor, industrial vacancies are hovering near all-time lows, as tenants continue to have difficulty finding available space. The submarket has experienced steady rental rate growth, reflecting the limited supply and high demand for quality commercial facilities. Affluent Area – Average household income is around $101,000 in a 5-mile radius with population estimates of over 195,000 people. These extremely positive demographics are strongly influenced by location, increased rental growth, and declining vacancy rates.

FOR SALE DETAILS

PRICE

$3,195,000 USD

PRICE/SF

$262 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

OWNER/USER INDUSTRIAL

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

UTILITIES

-

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.07

LAND SF

46,609

ZONING

IL

APN/PARCEL ID

00-43-42-19-05-004-0130

ASK ABOUT THIS PROPERTY

Tony AnthonyMatthews Real Estate Investment ServicesMore Info
561-214-4356

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Tony AnthonyMatthews Real Estate Investment ServicesMore Info
561-214-4356

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