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Browse More Listings in Shopping Center For Sale, West Palm Beach, FL or Florida

Shopping Center For Sale

Habitat Shopping Plaza

4047 Okeechobee Blvd, West Palm Beach, FL 33409

Price:
$9,750,000
Gross Leasable Area:
62,840 SF
Price/SF:
$155.16
Property Type:
Shopping Center
Property Sub-type:
Strip Center
Additional Sub-types:
Neighborhood Center
Outlet Center
Regional Center/Mall
Property Use Type:
Net Lease Investment with 6 years left on lease
Cap Rate:
8%
Occupancy:
100%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1985
Lot Size:
7 AC
Parking Ratio:
50 / 1,000 SF
Find Out More...

Last Verified 10/13/2009 Listing ID 16245533

Highlights

TRUE NNN LEASES 100% OCCUPIED
OVER 60,000 SF
BEST LOCATION

7 ACRES
7% CAP
15% CASH ON CASH RETURN

Description

8% CAP WITH 15% CASH ON CASH RETURN. Superb Shopping Plaza, over 60,000 of leasable sf, on 7 acres. 43 diverse tenants include Dr's, retail, restaurants, showroom, schools, At&t etc. Plaza is 100% occupied with real NNN leases. Maintained extremely well. Extremely desirable location between 95-and turnpike across from Maserati and Mercedes. Owner motivated. Assumable loan at 5% int. Fill out attached Confidentiality agreement to receive a complete offering memorandum R.E.R. Property id # 5252

Between I-95 and Turnpike on Okeechobee Blvd.

Attachments

Enhanced Listing Web Site

Financial Summary

Actual
Net Operating Income
$721,000

Map of 4047 Okeechobee Blvd, West Palm Beach, FL 33409 (Palm Beach County)

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Presented by

RE/Max Executive Realty

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Contact Listing Broker

Gary Smith (954) 862-2699

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Created 5/20/2009

Additional Information for 4047 Okeechobee Boulevard, West Palm Beach, FL 33409

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 19 Historic Listings
Sales Comparables Available - 2 RecentSales Records

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 4047 Okeechobee Blvd, West Palm Beach, FL 33409

Nearby Shopping Center properties for saleSearch all commercial real estate for sale

SOUND ADVICE CENTER
$4,350,000
28,925 SF
4 Unit Shopping Plaza + Barn + Small House
$275,000
4,000 SF

Nearby Shopping Center properties for leaseSearch all commercial real estate for lease

Okee Square
$15.00 - $35.00/SF/Year
500 - 26,000 SF
Westward Shopping Center
Negotiable
600 - 7,000 SF
Palm Beach Commons
$14.00/SF/Year
1,170 - 2,340 SF
Village Commons
Negotiable
1,053 - 8,132 SF
Expansion Outparcel Plaza West
$40.00/SF/Year
4,000 SF

Nearby Recently Sold Shopping Center propertiesSearch all recently sold commercial real estate

Strip Center
Sold 3Q 2007
Strip Center
Sold 1Q 2006
Community Center
Sold 2Q 2005
Community Center
Sold 4Q 2006
Neighborhood Center
Sold 3Q 2004

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Shopping Center Property For Sale - Habitat Shopping Plaza

4047 Okeechobee Blvd, West Palm Beach, FL, 33409