Overview
The Capital Markets Group of Cushman & Wakefield has been retained as the exclusive advisor for the sale of 15132 Park of Commerce Boulevard, a highly functional 102,503-square-foot multi-tenant industrial asset situated on approximately 6.19 acres located within the Palm Beach Park of Commerce.
The Palm Beach Park of Commerce is a 1,200-acre master-planned industrial park and is home to a growing list of renowned tenants. The area is quickly becoming one of the fastest-growing employment hubs in Northern Palm Beach County and provides superior logistical connectivity for servicing South Florida as well as central and western Florida.
Originally constructed in 2008 for partial occupancy for a national distribution company, the Property was built specifically as a headquarters and distribution facility with Class-A finishes throughout.
Investment Highlights
VALUE-ADD PROFILE WITH SIGNIFICANT UPSIDE
- Near-term opportunity to lease up vacant Class-A office space across both the first and second floors.
EMBEDDED VALUE OF SMALLER BAY SIZES
- Approximately 3.3 million SF of bulk logistics inventory has been delivered within Palm Beach Park of Commerce since 2018, largely concentrated in large format spaces.
LOCATED WITHIN PALM BEACH PARK OF COMMERCE – A PREMIER INDUSTRIAL HUB
- Encompassing over 1,200 acres of master-planned development with a dense concentration of logistics, manufacturing, and corporate users.
PROXIMITY TO HIGH NET WORTH DEMOGRAPHICS
- Median household income of $148,700 within a 5-mile radius.
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