1400 Centrepark BlvdWest Palm Beach, FL 33401

  • Office properties
  • 106,746 SF
For Lease
$21.63/SF/YR View listing

Property Details for 1400 Centrepark Blvd

Year built
1988
Construction
STEEL FRAME
Lot size
2.54 AC
Property size (Sq ft)
106,746 SF
Zone code
CPD
Property type
Office properties
Property subtype
Office buildings
APN
74-43-43-29-13-000-0010
APU
74434329130000010

Description

This exceptional sublease opportunity presents 1,830 square feet of premium Class A office space within the prestigious Centrepark East complex in West Palm Beach, Florida. Located at 1400 Centrepark Blvd, zip code 33401, this 10-story building boasts a total of 95,122 square feet situated on 3.64 acres of land in Palm Beach County. Built in 1988, the property offers a serene, campus-like environment with professional on-site management and ample parking options, including surface, covered, and garage spaces. Elevators are available for convenient access to all floors. Tenants benefit from the convenience of on-site amenities such as Nature's Way Cafe and easy access to major transportation arteries. This executive office space is ideal for businesses seeking a sophisticated and well-maintained workspace in a highly desirable location. The building's institutional ownership ensures a stable and reliable environment for tenants. This single available suite offers a turnkey solution for immediate occupancy. The property's prime location and exceptional amenities make it an attractive option for discerning businesses. Inquire today to learn more about this outstanding sublease opportunity.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $24,751,390
    6.5%
    $22,847,438
    7%
    $21,215,478
  • Comparable approach

    Method
    Valuation
    Relative Method
    $29,694,602
    Geo Method
    $29,694,602
  • Alternative Use

    Use
    Valuation
    Residential
    $28,330,822
    Hospitality
    $25,950,880
    Educational
    $21,590,828
    Medical
    $22,333,370
    Retail
    $33,585,732
1400 Centrepark Blvd, West Palm Beach, Florida

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.6932
Longitude
-80.0723
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$398,445
$1,773,525
$16,998,107
$18,771,632
-
$1,773,525
$16,998,107
$18,771,632

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