Investment Overview
CBRE, Inc. is the exclusive marketing broker for the offering located within the prestigious Trump Plaza at 525 S. Flagler Drive, West Palm Beach, Florida (the “Property”). This upscale office condominium comprises 8,159± SF of functional office space in a professional setting. The property is a part of the prestigious Trump Plaza, a 32-story mixed-use office/residential tower featuring panoramic views of the Intracoastal and the pristine waters of the Atlantic Ocean. The asset is located in an upscale section of West Palm Beach, just east of Federal Highway, directly off S. Flagler Drive, a palm-lined throughway that curves along the Atlantic Ocean offering nicely kept walking and biking paths with an abundance of nearby amenities.
The property is an ideal opportunity for an Owner-User or Investor seeking to purchase a versatile, highly visible and well-located asset in the heart of downtown West Palm Beach with long-term opportunity for appreciation. The property being offered on an “as-is” basis for the fee-simple interest in the Property.
Asset Profile
| Property Address: |
525 S. Flagler Drive, 4A, West Palm Beach, Florida |
| SF Available: | 8,159 SF |
| Stories: | Five |
| Year Built: | 1986 |
| Rental Income: | $191,141 |
| PRICE REDUCED: |
Investment Highlights
| • | Prime location near downtown West Palm Beach, one of the more robust and growing communities in South Florida |
| • | Located in the Trump Plaza which offers 345’ of main road frontage on S. Flagler Drive |
| • | Interior features individual office suites in a variety of different space configurations and amenities |
| • | Strong demographics, with an average housing value within a one-mile radius of nearly $495,000, with an anticipated population growth rate of 11.46% |
| • | Modern functional design - Nicely lit entry ways boasting wooden floors and granite counter-tops in reception area - Abundance of natural and recessed lighting - Private offices with spectacular views of the ocean |
| • | Tenancy: - Short term leases in place - Stable users that could entertain market term lease - Most cost effective Class “A” CBD property |
| • | Favorable access to major thoroughfares - Interstate-95 (two miles west) - Directly located on Flagler Drive - Easy access to Okeechobee Boulevard - Palm Beach Island (Royal Palm Way) |
