Current Use by Public Records
- Office Spaces
Property Details for 116 Intracoastal Pt Dr
- Year built
- 2005
- Property type
- Office Spaces
Description
This exceptional 1,400 square foot Class B office condo, located at 116 Intracoastal Pointe Drive, Suite 200, Jupiter, FL 33477, presents a compelling investment opportunity. Built in 2005, this fully leased property boasts five executive suites, each with its own private bathroom, and a shared fully furnished waiting/reception area, kitchen, storage, and conference room. The building offers ample parking (50 spaces), and the property benefits from a 100% occupancy rate, generating a strong NOI of $51,000 and a 7.85% cap rate. Situated in a highly desirable and secure area of Jupiter, this office condo enjoys a prime location near US1 and Harborside Place, with easy access to numerous restaurants and retail stores, including the Fresh Market Village. The current owner is open to a 12-month leaseback for the master suite. The property features a brand new A/C system and benefits from the added security provided by the Jupiter Police Department's attention to the parking area. This is a turnkey investment with significant upside potential due to the opportunity to increase rental rates with existing tenants. Owner financing is available. This is a rare opportunity to acquire a high-performing, well-located office condo in a thriving market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jupiter
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0889
- Latitude
- 26.9363
