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Boynton Industrial 617 W Industrial Ave 6,525 SF 100% Leased Industrial Building Boynton Beach, FL 33426 $2,400,000 ($367.82/SF) 6.23% Cap Rate
Executive Summary
CBRE, Inc., as exclusive agent for the Owner, is pleased to offer for sale Boynton Industrial (the “Property” or “Building”) in Boynton Beach, Florida. This recently renovated small bay industrial asset totals 6,525 rentable square feet on a 0.38 acre site and is currently 100% leased. Situated in one of the nation’s most affluent and desirable submarkets, the Property benefits from strong local demand and has an excellent market position. Although occupancy is stabilized, the Of fering provides clear upside: current in-place rents are approximately 20% below prevailing submarket levels, and our underwritten market rents remain meaningfully below the competitive set. This creates an opportunity for new ownership to raise rents while maintaining the Property’s value alternative appeal. Built in 1972 and renovated in 2023, Boynton Industrial is located at 617 W Industrial Ave, with quick access to Boynton Beach Blvd and immediate access to I-95.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$180,726
|
$27.70
|
| Other Income |
$12,293
|
$1.88
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$193,019
|
$29.58
|
| Taxes |
$21,000
|
$3.22
|
| Operating Expenses |
$22,481
|
$3.45
|
| Total Expenses |
$43,481
|
$6.66
|
| Net Operating Income |
$149,538
|
$22.92
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $180,726 |
| Annual Per SF | $27.70 |
| Other Income | |
|---|---|
| Annual | $12,293 |
| Annual Per SF | $1.88 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $193,019 |
| Annual Per SF | $29.58 |
| Taxes | |
|---|---|
| Annual | $21,000 |
| Annual Per SF | $3.22 |
| Operating Expenses | |
|---|---|
| Annual | $22,481 |
| Annual Per SF | $3.45 |
| Total Expenses | |
|---|---|
| Annual | $43,481 |
| Annual Per SF | $6.66 |
| Net Operating Income | |
|---|---|
| Annual | $149,538 |
| Annual Per SF | $22.92 |
Property Facts
Amenities
- 24 Hour Access
- Fenced Lot
- Signage
- Shallow Bay
- Air Conditioning
Utilities
- Water - City
- Sewer - City
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Handy Services-The Palm Bchs
- Professional, Scientific, and Technical Services
- -
- -
- -
- Illumination
- Retailer
- -
- -
- -
- K & D Cycles LLC
- Public Administration
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Handy Services-The Palm Bchs | Professional, Scientific, and Technical Services | - | - | - | ||
| Illumination | Retailer | - | - | - | ||
| K & D Cycles LLC | Public Administration | - | - | - |
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Property Taxes
| Parcel Number | 08-43-45-20-02-002-0070 | Total Assessment | $1,061,143 |
| Land Assessment | $0 | Annual Taxes | $21,000 ($3.22/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
08-43-45-20-02-002-0070
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,061,143
Annual Taxes
$21,000 ($3.22/SF)
Tax Year
2025
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Boynton Industrial | 617 W Industrial Ave
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