For Sale
$7,950,000

7721 Military TrlWest Palm Beach, FL 33410

10-unit office park, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 33,078 square foot, single-story office complex situated on 3.42 acres in West Palm Beach, Florida. The property, built in 2004, comprises four buildings housing ten individual office/retail suites, currently boasting 100% occupancy. The Mediterranean-style architecture is complemented by high visibility along North Military Trail, experiencing approximately 29,000 vehicles daily. Ample parking is provided with 129 dedicated spaces (5 spaces per 1,000 sq ft). The property is zoned GC and features a strong tenant mix including medical offices, professional service firms, and retail users. The asking price is $7,950,000, representing a price per square foot of $240.34 and a 6.64% cap rate, with a Net Operating Income (NOI) of $528,000. Annual rent bumps of 3% are in place. The property's strategic location offers proximity to the Palm Beach VA Medical Center and Kindred Hospital, as well as major retailers and residential communities. This Core+ investment presents a compelling opportunity in a thriving market, serving communities from Jupiter to the Palm Beaches. The lease type is NNN, and there is no credit rating available for the tenants.

Highlights

  • $7,950,000 asking price for a Core+ investment opportunity.
  • 33,078 rentable square feet in a 100% occupied, multi-tenant office building.
  • Located at 7721 N Military Trl, West Palm Beach, FL 33410.
  • Features 10 suites across four single-story buildings, built in 2004.
  • Offers a 6.64% cap rate with a $528,000 NOI.

Property Details for 7721 Military Trl

Property type
Office properties
Square Feet
33,078 SF
Class
B
Year Built
2004
Buildings
4
Stories
1
Lot Size (sq. ft)
148,975 SF
Units
10

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.7895808
Longitude
-80.107729
7721 Military Trl, West Palm Beach, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
7721 Military Trl
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message