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K9 Resorts 3381 Fairlane Farms Rd 7,727 SF Office Building Wellington, FL 33414 $3,061,280 ($396.18/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term NNN Lease with Recent Extension: New 10-year lease extension with K9 Resorts
- Expanding National Operator: Luxury Pet Hotel Investments, LLC is the largest franchisee for K9 Resorts
- Growth & Development Tailwinds: The property benefits from substantial ongoing investment throughout Wellington
- Demonstrated Long-Term Commitment to the Location: The tenant originally occupied the space in April 2022 and has since renewed and extended its lease
- Prime Wellington Submarket: Located in one of Palm Beach County’s most affluent and highly desirable areas with strong household income levels
- Strong Real Estate Fundamentals: Well maintained building on more than one acre of land in a supply constrained, high income suburban market
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License # CQ1066435
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # CQ1066435
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
7,727 SF
Building Class
B
Year Built
2001
Price
$3,061,280
Price Per SF
$396.18
Cap Rate
6.25%
NOI
$191,330
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,727 SF
Building FAR
0.18
Lot Size
1.01 AC
Zoning
PIPD
Parking
39 Spaces (5.05 Spaces per 1,000 SF Leased)
AMENITIES
- Fenced Lot
1 1
PROPERTY TAXES
| Parcel Number | 73-41-44-23-03-000-0440 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,133,818 |
PROPERTY TAXES
Parcel Number
73-41-44-23-03-000-0440
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,133,818
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K9 Resorts | 3381 Fairlane Farms Rd
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