111 Olive- Celmatis & Olive

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111 Olive- Celmatis & Olive

west-palm-beach, FL 33401
Asking Rate
Contact for rate
Asset Type
Office
Class
Class B

What's Special

111 Olive represents a central office location at the intersection of Clematis Street and Olive Avenue in downtown West Palm Beach. The surrounding neighborhood is characterized by a high-density mix of historic architecture, government buildings, and modern retail developments. Occupants have immediate walking access to the Brightline West Palm Beach Station, providing rail connectivity to Miami and Fort Lauderdale. The immediate vicinity features a wide array of dining, banking services, and professional amenities concentrated along the Clematis Street corridor. The property is suited for professional services firms requiring proximity to the Palm Beach County Courthouse and municipal offices. Typical tenants include legal practices, financial services providers, and creative agencies seeking a walkable urban environment. The layout and location support operations for established businesses that prioritize ease of access for clients and employees within the central business district. The site functions effectively as a corporate headquarters or a satellite branch for firms active in the South Florida market.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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