Property profile

1300 Corporate Ctr Way Wellington, FL 33414

OFF-MARKET
Office buildings
Property ID
US18-5201153
18,400 SF 1.4 ac lot Built 1990
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional offering presents two Class A office buildings totaling 18,400 square feet, ideally situated in Wellington, Florida, at 1300 and 1500 Corporate Center Way, zip code 33414. The property boasts a convenient location, close to parks, schools, and two prominent shopping centers along Wellington Trace. Multiple tenancy options are available, with spaces ranging from a minimum of 3,321 square feet to a maximum contiguous space of 8,492 square feet. Currently, a significant 20,304 square feet of space is vacant, presenting a unique opportunity for businesses seeking immediate occupancy. The property is categorized as Executive Office space, perfect for companies requiring a prestigious and functional workspace. Located in Palm Beach County, this property offers easy access to major roadways and amenities. The buildings are designed to accommodate various business needs, with flexible lease terms available to suit individual requirements. This is an excellent opportunity to establish a presence in a thriving and desirable location within Wellington's vibrant business community. Contact us today to schedule a viewing and explore the possibilities of making this prime office space your new home.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1990
Construction CONCRETE
Total area 18,400 SF
Lot 1.4 ac (61,193 SF)
Zoning code PUD
APN 73-41-44-09-06-000-0020
UPID US18-5201153

Cap rate & NOI

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

Location

1300 Corporate Ctr Way Wellington, FL 33414-8599
Wellington metro Census 7725 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.95M

Owner & transaction history

since 2016
7 recorded transactions
2020
Price N/A
2018
Price N/A
2017
Price N/A
2017
Price N/A
2016
$6.8M
2015
$7.7M
2013
$3.0M

Zoning & alternative use

PUD · Wellington, FL
Zoning description

The PUD district is established to offer a residential development alternative that provides greater flexibility and encourages more design creativity than may be available under conventional development approaches. The…

General category PLANNED_DEVELOPMENT

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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