Property profile

1500 Avenue R Riviera Beach, FL 33404

OFF-MARKET
Warehouses
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Property summary

AI-generated overview

This exceptional 52,411-square-foot warehouse in Riviera Beach, Florida, presents a compelling sublease opportunity, available from October 31, 2024, to November 30, 2025, with potential for a new lease thereafter. Strategically located off Route 95, this single-tenant industrial property boasts convenient access to major transportation corridors, optimizing logistics and distribution. The warehouse features 20-foot ceiling heights, accommodating diverse operational needs, from storage and distribution to light manufacturing. Loading and unloading are facilitated by two loading docks and a drive-in bay door. The property also includes approximately 1,000 square feet of modern office space, providing ample room for administrative functions. Its proximity to the Port of Palm Beach further enhances its appeal for businesses involved in import/export. The thriving business environment of Riviera Beach, with its diverse range of industries, offers a strong network of potential partners and customers. The warehouse space is currently available for sublease at $11.00 per square foot. This represents a low base rent for a property with such desirable features and location. After the sublease term, tenants will have the option to negotiate a new lease directly with the landlord. This property offers a unique blend of functionality, accessibility, and location, making it an ideal choice for businesses seeking to establish or expand their operations in South Florida. The property's APN is 56434229550010010 and is zoned IG(cit). The total building suites are 1.

Property profile

Verified
Property type Warehouses

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1500 Avenue R Riviera Beach, FL 33404
Riviera Beach metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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