Northlake Corporate Park Office FOR SALE


Palm Beach Gardens, FL
$15,750,000 USD
561-277-0174
, Palm Beach Gardens, FL for Sale
$15,750,000 USD
Office - FOR SALE
1/11
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Northlake Corporate Park
Palm Beach Gardens, FL


HIGHLIGHTS

  • Prime Location: Located in the growing Palm Beach Gardens, Florida, with access to key development projects like the Beeline Highway Extension.
  • Strong Occupancy & Diverse Tenant Base: 95% occupied with a wide range of national and local tenants across diverse industries.
  • Value-Add Potential: Opportunity to replace below-market leases with stronger tenants and higher rents within 24-36 months.
  • Expansion & Revenue Upside: Potential to convert drive-thru lanes into parking or retail pads and add revenue features like EV chargers and signage.
  • Covered Land Play Opportunity: Offers future development potential for multifamily or mixed-use while generating rental income during entitlement.
  • Market Strength & Future Appreciation: Positioned for long-term appreciation in a market with strong office demand and ongoing development.

OVERVIEW

Bruner Group, as the exclusive broker, is pleased to present Northlake Corporate Park ("NCP") for sale in Palm Beach Gardens, Florida. This property encompasses four three-story, elevator-serviced office buildings, totaling 75,056 square feet on a 6.06-acre site. Currently 95% leased, NCP hosts a diverse range of national and local tenants across industries such as engineering, construction, media, healthcare, law, real estate, banking, renewable energy, and education. NCP offers flexible office spaces from 400 to 5,900 square feet, each with separate utility metering and HVAC systems. The units feature open, modern layouts with abundant natural light and hurricane-resistant windows. Northlake Corporate Park ("NCP") represents a prime investment in the robust Palm Beach Gardens market, as highlighted by COSTAR INSIGHT's October 16, 2024 articles, ”Office tenant demand remains healthiest across North Palm Beach Suburbs„ and ”Office leasing strongest outside South Florida central business districts". As development in western Palm Beach County progresses, the property is poised for appreciation, further supported by the Beeline Highway Extension Project and its tenant base of engineering, construction, and infrastructure firms.

ASK ABOUT THIS PROPERTY

Benjamin BrunerBruner GroupMore Info
561-277-0174

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Benjamin BrunerBruner GroupMore Info
561-277-0174

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