900 S US Highway 1 - Telecom Hotel/Data Hosting FOR SALE


Jupiter, FL 33477
$23,000,000 USD
561-277-0612
900 S US Highway 1, Jupiter, FL for Sale
$23,000,000 USD
Telecom Hotel/Data Hosting - FOR SALE
1/8
null | Request Cap Rate

900 S US Highway 1
Jupiter, FL 33477


HIGHLIGHTS

  • Waterfront office park with approved plans for an additional office development and garage, providing huge long-term potential to a user or investor.
  • River Plaza Office Complex is highly accessible, with direct frontage along Highway 1, just 15 minutes from Interstate 95.
  • Merrill Lynch anchors the property, and other tenants are on shorter leases, allowing flexibility for a new owner to renew or use the space.
  • Local submarket office rents have increased by 22.9% over the past three years, with limited new deliveries minimizing supply-side pressure.

OVERVIEW

NO FINANCING OFFERS ACCEPTED. PROOF OF FUNDS REQUIRED. Seize this prime opportunity to acquire River Plaza Office Complex, a 4.75-acre waterfront property with gorgeous views and two existing modern office buildings. City-approved plans for an additional office development with an attached garage have been acquired, presenting massive long-term upside to an investor or user. The 37,000-square-foot property benefits from a strong anchor tenant, Merrill Lynch, with additional tenants on shorter leases, waiting for the new owner to renew or make strategic changes aligning with the development of the property. The property is zoned for office, medical, residential, hospitality, and mixed uses, providing nearly limitless potential. River Plaza Office Complex enjoys a strategic location north of Palm Beach, with direct frontage along the famous Highway 1, just fifteen minutes from Interstate 95, providing quick and easy commutes. The well-positioned property is south of E Indiantown Road, a major commercial node with grocery stores, national retailers, and popular restaurants. The area offers a strong workforce pipeline, with daytime employment of over 132,000 within 10 miles of the property. Office rents in the submarket have grown by an impressive 22.9% over the past three years, with limited new deliveries creating additional demand for this type of high-quality asset. THE PROJECT Below is the video link of the unanimously approved City of Jupiter development project. The building on the right is existing, and the building on the left, with a garage, received unanimous City and Planning site approval: https://spaces.hightail.com/receive/5SFxGS3TkA THE DESIGN TEAM The development project was incredibly designed by a team of award-winning professionals in the industry that understand the City of Jupiter's land planning needs and requirements. Rick Gonzalez AIA, https://www.regarchitects.com/, leads an award-winning 30-year-old firm whose design standards have been used as examples for Palm Beach County’s Architectural Guidelines. Don Hearing of Cotleur & Hearing provided professional services in the disciplines of landscape architecture, residential landscape, design/build, and land planning.

FOR SALE DETAILS

PRICE

$23,000,000 USD

PRICE/SF

$622 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

River Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Telecom Hotel/Data Hosting

ADD'L SUBTYPES

Medical, Office/Residential, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

140

LAND DETAILS

LAND ACRES

4.74 AC

LAND SF

206,474 SF

ZONING

C3

APN/PARCEL ID

30-43-41-07-02-001-0010

ASK ABOUT THIS PROPERTY

Maria Gomez1515 BocaMore Info
561-277-0612

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Maria Gomez1515 BocaMore Info
561-277-0612

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