Port Center 2051 Dr Martin Luther King Jr Blvd

60,969 SF 100% Leased Office Building Riviera Beach, FL 33404 $14,100,000 ($231/SF)

INVESTMENT HIGHLIGHTS

  • Well-located Class B office building in Riviera Beach with fantastic access and visibility.
  • The Property has been completed renovated, including a new roof, with no deferred maintenance.
  • Strong cash flows from synergistic rent roll of municipal government tenants and agencies that service the local community.
  • Upside opportunity with future mark to market.

EXECUTIVE SUMMARY

Local Government and Community Services Office Building For Sale.
Port Center is a well maintained, three-story Class B office building centrally located in Riviera Beach. The Property has been completely updated, including a new roof in 2024, and features an impressive rent roll of municipal government tenants and agencies that service the local community. Overall, Port Center presents as an attractive investment opportunity for a wide range of investors with no deferred maintenance, a strong location, and robust cash flows from long term tenants that are an integral part of the local community.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
60,969 SF
Building Class
B
Year Built/Renovated
1999/2018
Price
$14,100,000
Price Per SF
$231
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
20,323 SF
Slab To Slab
11’
Building FAR
0.24
Lot Size
5.91 AC
Opportunity Zone
Yes
Zoning
IG - IG - General Industrial (56-Riviera Beach)
Parking
264 Spaces (4.33 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Property Manager on Site
  • Security System
  • Signage
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Public Administration
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Riviera Beach is a growing harbor city located along the shores of the Atlantic Ocean in southeast Florida, USA. The City's municipal beach is one of the finest in the state. Their beautiful sandy beaches make Riviera Beach an appealing place for sporting events. With an average year-round temperature of 75 degrees, Riviera Beach is also a popular location for business and casual activities. Their community and visitors provide an interesting, varied mix of young people, families and retirees from just about anywhere.

  • Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

The Diabetes Coalition is a voluntary nonprofit alliance of over 50 health care organizations and community partners working together to prevent diabetes and improve the lives of people living with the disease, and those touched by it through awareness, education, advocacy, and access to care.

  • Educational Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

For years, Florida was challenged with providing superior early childhood education to help children be prepared for kindergarten. As a result of this challenge, in 1999, the Legislature enacted the School Readiness Act (s. 411.01, F.S.), which consolidated each of the early childhood education and childcare programs across the state into one integrated program of school readiness services. Specifically, the act created the Florida Partnership for School Readiness to coordinate school readiness programs administered by local school readiness coalitions at the county or multi-county level. School readiness programs were charged with (but not limited to) overseeing adherence to the following: Implementation of a developmentally-appropriate curriculum; Assurance of appropriate staff-to-children ratio; and Providing parents with information to assist them in the process of choosing a high-quality early learning program within one of the Coalition's contracted child care providers.

  • Public Administration
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

The Office of General Counsel is the statewide legal office for the Department of Children and Families. It provides legal advice and representation to all of the Department’s programs, institutions and administrative staff throughout Florida. The lawyers of the Office of General Counsel provide legal counsel to the Secretary, management and all Department employees through 16 locations. The Office also gives advice regarding the Department to the Legislature, Governor, Cabinet members, the Court system, and other state and local governmental agencies

  • Professional, Scientific, and Technical Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Florida Rural Legal Services, Inc. was founded in 1966 as a private, non-profit corporation. FRLS provides free civil legal assistance to indigent families and low income elderly people in thirteen South Central Florida counties. FRLS also provides legal assistance to migrant workers throughout the state of Florida. FRLS is unique in its service of farmworkers because of its rich history. The office of Economic Opportunity – the agency created by R. Sargent Shriver during the Lyndon B. Johnson administration to spearhead the War on Poverty – funded a 2 year demonstration and research project to provide legal services to farmworkers in six South Florida counties. The project was originally called the South Florida Migrant Services.

  • Administrative and Support Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Located in Riviera Beach, Florida, the Re-Entry Center has been serving ex-offenders returning to Palm Beach County since 2007. To date, The Re-Entry Center has provided essential social services to over 1200 clients utilizing a unique and holistic approach to community reintegration. The strength of the organization is demonstrated through the knowledge base of senior leadership, goal-oriented case managers, client empowerment, and office atmosphere. When clients enter the Re-Entry Center, they are greeted by the “Welcome Home” message colorfully displayed on the message board. Along with the warm message, clients receive weekly inspiration from quotes provided by staff to trigger conversation, insight, and direction in their lives.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Public Administration - $9.99 Lorem Ipsum Jan 0000
Services - - Lorem Ipsum Jan 0000
Educational Services - - Lorem Ipsum Jan 0000
Public Administration - $9.99 Lorem Ipsum Jan 0000
Professional, Scientific, and Technical Services - - Lorem Ipsum Jan 0000
Administrative and Support Services - - Lorem Ipsum Jan 0000

PROPERTY TAXES

  • Listing ID: 34831291

  • Date on Market: 2/14/2025

  • Last Updated:

  • Address: 2051 Dr Martin Luther King Jr Blvd, Riviera Beach, FL 33404