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Boynton Industrial 617 W Industrial Ave 6,525 SF 100% Leased Industrial Building Boynton Beach, FL 33426 $2,000,000 ($306.51/SF) 7.48% Cap Rate
Executive Summary
• 100% Leased Small-Bay Industrial Asset totaling 6,525 SF
• Recently Renovated (2023) – upgraded 1972 construction
• Strong In-Place Cash Flow with stabilized occupancy
• Mark-to-Market Opportunity – rents ~20% below submarket levels
• Additional Upside with below-market underwriting vs. competition
• Located in Affluent Boynton Beach Submarket with strong tenant demand
• Excellent Accessibility – immediate access to I-95 and Boynton Beach Blvd
• Scarce Small-Bay Product in a high-demand South Florida corridor
• Investor Opportunity to increase NOI while maintaining competitive positioning
• Recently Renovated (2023) – upgraded 1972 construction
• Strong In-Place Cash Flow with stabilized occupancy
• Mark-to-Market Opportunity – rents ~20% below submarket levels
• Additional Upside with below-market underwriting vs. competition
• Located in Affluent Boynton Beach Submarket with strong tenant demand
• Excellent Accessibility – immediate access to I-95 and Boynton Beach Blvd
• Scarce Small-Bay Product in a high-demand South Florida corridor
• Investor Opportunity to increase NOI while maintaining competitive positioning
Data Room Click Here to Access
- Offering Memorandum
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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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
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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