14565 Sims Rd
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14565 Sims Rd
21,882 SF 26% Leased Office Building Delray Beach, FL 33484 $4,500,000 ($206/SF)
Investment Highlights
- Rare opportunity in central Delray Beach for investors or full/partial owner-users.
- Off West Atlantic Avenue between Jog Road and South Military Trail and just minutes from the newly renovated Delray Medical Center.
- Available fully vacant or with tenants in place.
- Well maintained building with permitted uses including office, medical, and dental.
Executive Summary
14565 Sims Road presents a rare opportunity for investors or full/partial owner-users in a prime location in one of Palm Beach County’s hottest submarkets. The 21,882 square foot property is available vacant or with the current tenants in place. This is a fantastic opportunity for users seeking a flexible option to own their own building, or for value-add investors looking to take advantage of the in-place income and lease up the remaining vacancies. While the property allows traditional office uses, a 2009 ordinance granted medical and dental uses at the Property as well.
The Property is strategically positioned off West Atlantic Avenue between Jog Road and South Military Trail and just minutes from the newly renovated Delray Medical Center. It is a prime location for doctor’s offices, law firms, or other users looking for a well located property with seamless access to the surrounding central Delray Beach market.
This opportunity can be pursued through various strategies by an owner/user or investor:
• An owner/user can occupy the entire 21,882 SF space.
• An owner/user can occupy a portion of the Property, extend the lease in place and leaseback a portion of the Building to the current owner at market rent.
• An investor can implement their value-add strategy by leasing up the property and choose to keep the tenant in place and/or leaseback a portion of the building to the current owner at market rent.
The Property is strategically positioned off West Atlantic Avenue between Jog Road and South Military Trail and just minutes from the newly renovated Delray Medical Center. It is a prime location for doctor’s offices, law firms, or other users looking for a well located property with seamless access to the surrounding central Delray Beach market.
This opportunity can be pursued through various strategies by an owner/user or investor:
• An owner/user can occupy the entire 21,882 SF space.
• An owner/user can occupy a portion of the Property, extend the lease in place and leaseback a portion of the Building to the current owner at market rent.
• An investor can implement their value-add strategy by leasing up the property and choose to keep the tenant in place and/or leaseback a portion of the building to the current owner at market rent.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
21,882 SF
Building Class
B
Year Built/Renovated
1987/1993
Price
$4,500,000
Price Per SF
$206
Percent Leased
26%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
21,882 SF
Building FAR
0.30
Lot Size
1.70 AC
Zoning
IPF - IPF - Institutional & Public Facilities (00-UNINCORPORATED)
Parking
223 Spaces (10.19 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
14565 Sims Road is a one-story medical office building conveniently located in one of Palm Beach County’s hottest submarkets. The 21,882-square-foot property is available for sale or lease.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste B | 2,500-16,137 SF | Office | Full Build-Out | Now |
1st Fl-Ste B
| Size |
| 2,500-16,137 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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1st Fl-Ste B
| Size | 2,500-16,137 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
14565 Sims Road is a one-story medical office building conveniently located in one of Palm Beach County’s hottest submarkets. The 21,882-square-foot property is available for sale or lease.
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PROPERTY TAXES
| Parcel Number | 00-42-46-14-13-000-0020 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,470,563 |
PROPERTY TAXES
Parcel Number
00-42-46-14-13-000-0020
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,470,563
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14565 Sims Rd
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