A 13,660 SF MIXED-USE BUILDING WITH GROUND FLOOR RETAIL
Overview
Cushman & Wakefield of Florida, LLC, has been retained as the exclusive agent and advisor for the sale of Park House Place, a landmark opportunity in the heart of downtown West Palm Beach.
Offers an ideal combination of cash flow security with a significant value-add opportunity
Overall in-place rents are 20% below market, including multiple near-term ground floor retail rents expiring 82%+ below market
Ownership has spent nearly $175k on a complete renovation of the building in the past year
In-place residential rents sit below competing newer vintage product, a built-in edge that continues to attract rent conscious tenants and helps maintain strong occupancy