Northlake Corporate Park
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Northlake Corporate Park
4 Office Properties Offered at $15,750,000 in Palm Beach Gardens, FL
Investment Highlights
- Prime Location: Located in the growing Palm Beach Gardens, Florida, with access to key development projects like the Beeline Highway Extension.
- Value-Add Potential: Opportunity to replace below-market leases with stronger tenants and higher rents within 24-36 months.
- Covered Land Play Opportunity: Offers future development potential for multifamily or mixed-use while generating rental income during entitlement.
- Strong Occupancy & Diverse Tenant Base: 95% occupied with a wide range of national and local tenants across diverse industries.
- Expansion & Revenue Upside: Potential to convert drive-thru lanes into parking or retail pads and add revenue features like EV chargers and signage.
- Market Strength & Future Appreciation: Positioned for long-term appreciation in a market with strong office demand and ongoing development.
Executive Summary
Bruner Group, as the exclusive broker, is pleased to present Northlake Corporate Park ("NCP") for sale in Palm Beach Gardens, Florida. This property encompasses four three-story, elevator-serviced office buildings, totaling 75,056 square feet on a 6.06-acre site. Currently 95% leased, NCP hosts a diverse range of national and local tenants across industries such as engineering, construction, media, healthcare, law, real estate, banking, renewable energy, and education. NCP offers flexible office spaces from 400 to 5,900 square feet, each with separate utility metering and HVAC systems. The units feature open, modern layouts with abundant natural light and hurricane-resistant windows.
Northlake Corporate Park ("NCP") represents a prime investment in the robust Palm Beach Gardens market, as highlighted by COSTAR INSIGHT's October 16, 2024 articles, ”Office tenant demand remains healthiest across North Palm Beach Suburbs„ and ”Office leasing strongest outside South Florida central business districts". As development in western Palm Beach County progresses, the property is poised for appreciation, further supported by the Beeline Highway Extension Project and its tenant base of engineering, construction, and infrastructure firms.
Northlake Corporate Park ("NCP") represents a prime investment in the robust Palm Beach Gardens market, as highlighted by COSTAR INSIGHT's October 16, 2024 articles, ”Office tenant demand remains healthiest across North Palm Beach Suburbs„ and ”Office leasing strongest outside South Florida central business districts". As development in western Palm Beach County progresses, the property is poised for appreciation, further supported by the Beeline Highway Extension Project and its tenant base of engineering, construction, and infrastructure firms.
Property Facts
| Price | $15,750,000 | Number of Properties | 4 |
| Price / SF | $220.25 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 71,509 SF |
| Status | Active | Total Land Area | 6.06 AC |
| Price | $15,750,000 |
| Price / SF | $220.25 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 71,509 SF |
| Total Land Area | 6.06 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bldg C
8895 N Military Trl, Palm Beach Gardens, FL 33410 |
Office | 19,891 SF | 1982 | - |
|
Bldg B
8895 N Military Trl, Palm Beach Gardens, FL 33410 |
Office | 15,831 SF | 1980 | - |
|
Bldg E
8895 N Military Trl, Palm Beach Gardens, FL 33410 |
Office | 19,875 SF | 1982 | - |
|
Bldg D
8895 N Military Trl, Palm Beach Gardens, FL 33410 |
Office | 15,912 SF | 1980 | - |
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