4400 N Congress Ave | West Palm Beach, FL 33407
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- LoopNet Team
4400 N Congress Ave
West Palm Beach, FL 33407
Congress Center North · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Owner-User Opportunity with Income: Can Immediately Occupy 21,000+ SF
- Recession Proof Tenant Base with 100% Collections Through Covid
- Offered Well-Below Replacement Cost and Low Basis Compared to Recent Office Sales
- Rare Assumable Financing Available Offering 8%+ Cash on Cash Returns
- Below Market Rental Rates Almost 40% below Local Market Averages
- Located Near Several Major Hospitals in a Premier Medical Office Market
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
42,499 SF
Building Class
B
Year Built/Renovated
1986/2001
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
21,250 SF
Building FAR
0.43
Lot Size
2.29 AC
Zoning
CPUD - CPD - Commercial Planned Dev ( 74-WEST PALM BEACH )
Parking
172 Spaces (4.05 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Drop Ceiling
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 74-43-43-06-06-000-0030 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $6,160,119 |
PROPERTY TAXES
Parcel Number
74-43-43-06-06-000-0030
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$6,160,119
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