Delray Office
Closed3945 W Atlantic Ave, Delray Beach, FL 33445
Property type
Office
Unit / Space count
1
Price
$4,100,000
Building size
14,132 sf
Rentable area
14,132 SF
Year built
1988
Year renovated
Property class
A
Occupancy
Stories
1
APN
12-43-46-18-33-002-0000
Zoning code
POC
Lot size
2.06 Acres
Price per Unit
$4,100,000
Price per SF
$290.12
Property description
Franklin Street is pleased to present this CBIZ office building located in Delray Beach, Florida. This investment offering consists of a 14,132 sf of office space and sits on 2.05 acres of land. This investment gives the opportunity for an owner user type or investment type after the current lease expires in November 2022. This property is situated on W Atlantic Blvd near the signalized intersection of Homewood Blvd and High Point Blvd. The current tenant CBIZ is currently paying $20.97/psf until their lease ends in November. The subject property recently had capital improvements completed which include updating the parking lot and repainting the building. The property is zoned Planned Office Center (POC) and its intended use per the ordinance is banks, financial institutions, business offices, medical office, and clinic among the many uses. This building is in the heart of Delray Beach and has easy access to major thoroughfares like 1-95 and Florida's Turnpike. There are strong demographics within a five (5) mile radius of this property which includes the average population size of 222,513 and the average household income is $103,021.
Property highlights
- Single tenant office building offering with potential for an owner user type and or for an investment after the lease expires
- Located in Palm Beach County, FL core suburban submarket - Delray Beach
- Recent capital improvements completed which include updating the parking lot and repainting the building
- Property is zoned POC- Planned Office Center, uses include medical office and business office which are among some of the many uses
- 14,132 SF of office space situated on 2.05 acres of land
- Strong demographics - the average population size is 222,513 & the average household income is $103,021 all within a 5-Mile Radius
- Easy access to major thoroughfares - I-95 and Florida's Turnpike