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    FOR LEASE
    Office buildings

    3800 S Congress Ave, Boynton Beach, FL 33426

    54,738 SF 30.73 ac lot Built 1970
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US18-1682425
    Property summary
    AI-generated overview

    Egret Point Logistics Center, Building 1, offers 223,438 square feet of Class A industrial space for lease in Boynton Beach, Florida. This single-story warehouse boasts a 32-foot clear ceiling height, making it ideal for various distribution, manufacturing, or warehousing needs. The property features 53 dock-high doors and 2 drive-in doors, ensuring efficient loading and unloading operations. The minimum divisible space is 20,000 square feet, with the entire 223,438 square feet available for lease as a contiguous unit. Located at 3800 S Congress Ave, this building benefits from direct frontage on I-95, providing excellent access to major transportation arteries in South Florida and the Southeast. The property is part of a larger development totaling 457,396 square feet and sits on a 30.78-acre site. Its strategic location in southern Palm Beach County makes it easily accessible to businesses in Broward and Miami-Dade counties. The building's previous use as a Baptist Health System clinic has been redeveloped into a modern, high-quality industrial facility. This prime location and modern features make Egret Point Logistics Center an exceptional opportunity for businesses seeking efficient and strategically located warehouse space.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1970
    Construction CONCRETE
    Total area 54,738 SF
    Lot 30.73 ac (1,338,555 SF)
    Zoning code M1
    APN 08-43-46-05-00-000-7010
    UPID US18-1682425
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Bethesda Healthcare System Distribution Center Medical Clinic
    • Bethesda Women's Health Services Medical Clinic
    • Care Services of Bethesda, an affiliate of CareSouth Home Health Care Service
    • Fleet Billing Check Cashing
    • FIRST TRANSIT Freight Service Logistics Company
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $37.75M
    CAP Approach CAP
    $23.81M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $37.75M
    Owner & transaction history
    Wsl South Congress Owner LLC · 2 yrs held
    Wsl South Congress Owner LLC
    since 2024
    Last sale
    $37.8M
    3 recorded transactions
    2024
    2024
    $37.8M
    2002
    $8.8M
    Zoning & alternative use
    M1 · Boynton Beach, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $37.8M +105.1%
    Apartment house (5+ units) $37.5M +103.7%
    Auto repair, garage $27.0M +46.8%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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