Congress Center North 4400 N Congress Ave 42,499 SF Office Building West Palm Beach, FL 33407 $9,000,000 ($211.77/SF)

CBRE Inc., in its role as the exclusive advisor, proudly presents “Congress Center Medical” – a multi-tenant healthcare office building in West Palm Beach, Florida, spanning approximately 42,000 square feet of which 59% is now available to occupy. This property predominantly houses non-profit, healthcare-related tenants and enjoys a prime location, situated a mere block south of the 403-bed HCA Florida JFK North Hospital and the I-95 onramp.
Congress Center Medical boasts a robust local market and a dependable revenue stream from its recession-resistant tenant base. Currently 92% leased, the Property’s largest space spanning 21,452 SF is now available to occupy providing a unique opportunity for an owner user to secure a prominent building with strong income from its remaining tenant base. Through the challenges of COVID-19, it has maintained a 100% collection rate, making it a secure revenue stream. Priced well below replacement cost and compared to similar medical office transactions in the area, this property offers owners a chance to secure substantial cash flow and prominent location with private entryway and visibility near JFK North Hospital.
Ample parking is another notable feature, with over four spaces per thousand square feet, including both surface and covered parking. Prominent corner signage along Congress Avenue and Lombard Street adds to its visibility, and the roof, replaced in 2015, is under warranty until 2035.
Situated just east of I-95, with direct access to the 45th street exit/on-ramp and in close proximity to HCA Florida JFK North Hospital, the region’s primary medical employer with over 690 employees and 950 staff members, Congress Center Medical offers a central location. It’s also conveniently located within 2 miles of St. Mary’s Medical Center and 4.5 miles from Good Samaritan Medical Center. This strategic positioning ensures easy accessibility throughout Palm Beach County, including short commute times to the Palm Beach International Airport and Downtown West Palm Beach.