Listing IDR10451836
Price$7,800,000
Acres 1.750
Listing StatusActive
CountyPalm Beach County
Year Built2007
Property TypeCommercial Sale
Property Sub TypeIndustrial
7.02 CAP, CURRENTLY 100% OCCUPIED HOWEVER, DUE TO COVID TENANTS ARE PAYING LOWER RENTS FOR A SHORT TIME AND ARE NOT PAYING PER LEASE AGREEMENT WHICH ALLOWS FOR MULTIPLE OPPORTUNITIES FOR OWNER-USER OR INVESTMENT. BRING ALL CASH OFFERS. 27, 500 SF (16,500 SF) Leased to Rock Fitness Gym (GYM HAS LEGAL RENT STIPULATION AND IF NOT FOLLOWED WILL BE REMOVED VIA COURT ORDER WITHOUT ANY FURTHER HEARINGS) and (11,000 SF) Leased to Furniture Direct (5 locations in S. FL) Both tenants have new 10+ year leases with options. The Retail property was completely renovated between 2017 - 2018 including a new roof.
© 2022 Beaches MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of BMLS. Real estate listings held by IDX Brokerage firms other than By The Sea Realty, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is deemed reliable but not guaranteed. Listing courtesy of H. Alan Welles Real Est, LLC. Data last updated: Wednesday, January 19th, 2022 at 01:34:09 AM.

Contact - Listing ID R10451836

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By The Sea Realty

2400 E. Commercial Blvd. #708
Fort Lauderdale, FL 33308
Phone: 954-351-7007
Fax: 954-351-5005

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