OWNER/USER INDUSTRIAL 1800 Madrid Ave 85,813 SF 100% Leased Industrial Building Lake Worth, FL 33461 $5,600,000 ($65.26/SF)
INVESTMENT HIGHLIGHTS
- Positioned strategically in the Lake Worth submarket, which has experienced some of the highest rental growth year-over-year in the entire county.
- With very limited availability of vacant industrial space below 40,000 SF, this opportunity will fit the needs of countless different users.
- Average household income nearing $80,000 in a 5-mile radius with population estimates of over 250,000 people.
- The continued increase is due to consistent demand from smaller to midsized tenants seeking available space in the corridor.
- The property has a healthy blend of significant open warehouse space as well as office space.
- These extremely positive demographics are strongly influenced by location, increased rental growth, and declining vacancy rates.
EXECUTIVE SUMMARY
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
| Price | $5,600,000 |
| Price Per SF | $65.26 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.97 AC |
| Rentable Building Area | 85,813 SF |
| No. Stories | 1 |
| Year Built | 1954 |
| Parking Ratio | 0.31/1,000 SF |
| Clear Ceiling Height | 14’6” |
| No. Drive In / Grade-Level Doors | 11 |
| Zoning | I-POC - City of Lake Worth Industrial Park of Commerce (High Intensity Industrial formerly LTHI-I) |
AMENITIES
- Fenced Lot
- Floor Drains
- Yard
- Storage Space
- Air Conditioning
UTILITIES
- Water - City
- Sewer - City
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Closet-usa
- Construction
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Closet-usa | Construction | - | - | - |
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PROPERTY TAXES
| Parcel Number | 38-43-44-21-04-002-0011 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,995,143 |
