1101 54th Street, West Palm Beach, FL 33407
$8,750,000
Property Type:
Commercial Lease
Baths:
26
Square Footage:
17,747
Status:
Closed
Current Price:
$8,750,000
Last Modified:
3/19/2021
Description
Rare opportunity to own a new state of the art, Turnkey fully furnished and approved multi-use rehabilitation treatment healthcare campus. Contact us for walk-through HD video. The property was completed in 2018 and is located along the northern side of St Mary's Medical Center in West Palm Beach. This space is a single-story layout currently approved for 41 detox residential and / or rehabilitation beds. The property consists of 21 bedrooms, 16 private offices, 6 station call center, large entertainment areas, courtyard, commercial kitchen, a spa-like environment with ample natural light, vaulted ceilings and tons of onsite parking. Additionally, there is approximately 2 acres of vacant land with approvals in place for a 15,000 square foot addition of a new building.
Supplements: Providing the opportunity for your business to expand. Property includes 2 workout centers, intake rooms, multiple waiting rooms, 5 common areas bathrooms, 3 utility rooms, laundry room, network room, lot's of storage and exam rooms. The surrounding areas are medical offices, specialty medical buildings and hospitals. The property is located near both West Palm Beach Commuter Rail and Mangonia Park Commuter Rail. Easy access to West Palm Beach's international airport and all major highways. Do not miss out on this unique opportunity.
More Information MLS# RX-10566576
Contract Information
Status: Closed
Original List Price: 10000000
Auction: No
Sold Price: $8,750,000
Current Price: $8,750,000
List Price/Bldg SqFt: 563.47
Listing Date: 2019-10-03
General Property Description
Type: Special Use
For Sale: Yes
For Lease: Yes
Lease Price SqFt: 17747
Lease Year: 2019
Min Lease Months: 60
Property Desc: Medical Rehab Campus
Subdivision: NOVUS MEDICAL
Year Built: 2018
Built Desc: New Construction
SqFt - Living: 17747
SqFt Source: Appraisal
# of Stories: 1
Total Units: 1
Baths - Total: 26
Acres: 4.89
% Air Conditioned: 100
Waterfront: No
Location Tax Legal
Area: 5420
County: Palm Beach
Parcel ID: 74434304340010000
Street #: 1101
Street Name: 54th
Street Suffix: Street
Zip Code: 33407
Legal Desc: NOVUS MEDICAL PAR A K/A ALL OF PLAT
Geo Lat: 26.759691
Geo Lon: -80.064688
Status Change Info
Under Contract Date: 2019-12-05
Sold Date: 2020-10-27
Sold Price: $8,750,000
Terms of Sale: Conventional
Sold Price/Bldg SqFt: 493.04
Building Info
# of Offices: 16
Property Features
Use: Other
Type of Building: Commercial; Free Standing; Medical; Office Space; Resident. Multi-Fam.; Special Purpose
Construction: CBS; Concrete
Sale Includes: Building and Land; Equipment; Fixtures; Furniture; Inventory; License
Avail Docs: Occupational License; Survey
Miscellaneous 1: Lobby
Miscellaneous 2: Med Plumbing; Meeting Room; Private Restroom; Public Restroom; Reception Area; Water Retention
Flooring: Carpet; Ceramic Tile
Cooling: Central; Electric; Gas
Heating: Central
Fire Protect: Smoke Alarm; Smoke Detector; Sprinkler
Special Info: Use Conforms to Zone
Tenant Pays: Common Area Maint.; Electric; Insurance; Taxes
Utilities: Electric; Generator; Public Sewer; Public Water; 220; 440
Waterfront Details: None
Security: Security Sys-Leased; TV Camera
Roof: Concrete Tile
Terms Considered: Cash; Conventional; Will Rent; Other
Lease: Annual; Long Term; Net Rent; Renewal; Triple Net; 4-6 Years; 7-10 Years
Possession: Subject to Lease
Contingencies: Financing; Inspection
Listing Office: Blue Water Real Estate Group
Last Updated: March - 19 - 2021
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