1300 Old Congress Avenue

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1300 Old Congress Avenue

West Palm Beach, FL 33409
Asking Price
$3.00M
Cap Rate
6.12%
Asset Type
Traditional Office Office
Class
Class B

What's Special

Rare WPB office asset with stable income potential , strong parking, and major redevelopment upside. <ul><li>​* Rare 5,245 SF freestanding office building in West Palm Beach</li><li>​* Prime Congress Avenue corridor location with strong visibility and exposure</li><li>​* 100% occupied asset providing stable in-place income</li><li>​* 20 on-site parking spaces, a valuable feature for office users and tenants</li><li>​* Two-story stand-alone building offering flexibility and identity rarely found in the market</li><li>​* Strategic access to I-95, Palm Beach International Airport, Belvedere Road,

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NOI
$80,000
Cap Rate
2.67%
DSCR
0.45
Underwater
Cash-on-Cash
-10.90%
Monthly Payment
$14,837.416
Annual Cash Flow
$-98,048.988

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