1107 Wallace Dr 6,160 SF Flex Building Delray Beach, FL 33444 $4,900,000 ($795.45/SF) 5.20% Cap Rate

This FDA Certified pharmaceutical manufacturing facility represents a premier industrial investment in one of South Florida’s most dynamic markets. Constructed in 2019, the property encompasses a 6,159-square-foot state-of-the-art building situated on 17,860 square feet of land, designed to meet the stringent requirements of pharmaceutical and biotech operations. The building features a clean, modern façade with 85 feet of frontage, 19’ to 24’ clear ceiling heights, and a 12’ x 14’ overhead door providing excellent functionality for manufacturing and distribution. Inside, the space is thoughtfully designed with three private offices, flex work areas, and a mezzanine overlooking the Lab, creating a professional and efficient layout suitable for both production and administrative use. Additional features include a comprehensive security system, ample natural light, and 11+ dedicated parking spaces for staff and visitors. The property is secured by a 10-year lease with 3% annual rent increases generating a net annual income of $255,300 and a 5.2% capitalization rate. Conveniently positioned near I-95 and Linton Boulevard, the facility offers outstanding accessibility to major transportation routes, making it ideal for logistics and business operations. This offering combines modern construction, premium tenant stability, and prime location, making it an exceptional opportunity for investors seeking reliable income and long-term growth potential in the robust South Florida industrial sector.
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