4800 W. Linton Boulevard - Building C · 2020. 1. 12. · Each Office Independently Owned and Operated kwcommercial.com 6 SALE PRICE $3,999,999 LOCATION INFORMATION Street Address

KW COMMERCIAL1801 N Pine Island Rd., Ste. 210Plantation, FL 33322 SHANNEL ESCOFFERY

Agent0: 877.611.3110C: [email protected]

4800 W. Linton Boulevard - Building C

OFFERING MEMORANDUM

PRESENTED BY:

DELRAY BEACH, FL

OFFERING MEMORANDUM

Each Office Independently Owned and Operated kwcommercial.com 2

KW COMMERCIAL

1801 N Pine Island Rd., Ste. 210

Plantation, FL 33322

Confidentiality & Disclaimer

SHANNEL ESCOFFERYAgent0: 877.611.3110C: [email protected]

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sourcesare provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of theproperty for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, thatmay be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed inwriting.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercialmakes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercialdoes not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party withan attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by Plantation in compliance with all applicable fair housing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. Itis submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

OFFERING MEMORANDUM

PRESENTED BY:

DELRAY BEACH, FL

http://www.kwcommercial.com

PROPERTY INFORMATION

1 | PROPERTY INFORMATION

EXECUTIVE SUMMARY

PROPERTY DESCRIPTION

PROPERTY DETAILS

ADDITIONAL PHOTOS

1PROPERTY INFORMATION4800 W. LINTON BOULEVARD - BUILDING C

OFFERING MEMORANDUM


OFFERING SUMMARY

SALE PRICE: $3,999,999

LOT SIZE: 1.25 Acres

YEAR BUILT: 1999

BUILDING SIZE: 9,917 SF

RENOVATED: 2018

ZONING: POC

TRAFFIC COUNT: 39,000

PRICE / SF: $403.39

PROPERTY OVERVIEWInvestment or Owner User. Cash only deal.

PROPERTY HIGHLIGHTS

- HIGH TRAFFIC BOULEVARD- ADJACENT TO THE DELRAY MEDICAL CENTER- LOCATED WITHIN A POPULAR CUL-DE-SAC COMPLEX FILLED WITH MEDICAL SPECIALISTS.- AMPLE PARKING

Executive Summary

4800 W. LINTON BOULEVARD - BUILDING C 1 | PROPERTY INFORMATION



PROPERTY OVERVIEW

Investment or Owner User. Cash only deal.

LOCATION OVERVIEW

9,948 SF medical office building, in a busy medical park, locatednear Delray Medical Center. Property previously used as anInpatient Detoxification/ Residential Treatment Center. Minutesfrom I-95 and the Florida Turnpike. Traffic count 39,000 AADT.

Great floor plan with a mixed of offices, group therapy rooms andlarge cafeteria. Building has been upgraded.

Property Description




SALE PRICE $3,999,999

LOCATION INFORMATION

Street Address 4800 W. Linton Boulevard - Building C

City, State, Zip Delray Beach, FL 33445

County/Township Palm Beach

BUILDING INFORMATION

Building Size 9,916 SF

Price / SF $403.39

Year Built 1999

Last Renovated 2018

Building Class B

Number Of Floors 1

Load Factor Yes

Free Standing Yes

Floor Coverings Carpet and tile

PROPERTY DETAILS

Property Type Office

Property Subtype Medical

Zoning POC

Lot Size 1.25 Acres

Traffic Count 39,000

PARKING & TRANSPORTATION

Parking Ratio 4.84

Number Of Spaces 48

UTILITIES & AMENITIES

Handicap Access Yes

Central HVAC Rooftop package units

Laundry Description Large Laundry Room

Plumbing Description Built-in cabinetry, countertops, and a

sink fixtures within rooms

Property Details




Additional Photos



LOCATION INFORMATION

2 | LOCATION INFORMATION

REGIONAL MAP

LOCATION MAPS

AERIAL MAP

2LOCATION INFORMATION4800 W. LINTON BOULEVARD - BUILDING C

OFFERING MEMORANDUM


Regional Map

4800 W. LINTON BOULEVARD - BUILDING C 2 | LOCATION INFORMATION



Location Maps




Aerial Map



SALE COMPARABLES

3 | SALE COMPARABLES

SALE COMPS

SALE COMPS SUMMARY

SALE COMPS MAP

3SALE COMPARABLES4800 W. LINTON BOULEVARD - BUILDING C

OFFERING MEMORANDUM


Subject Property

4800 W. Linton Boulevard - Building C | Delray Beach, FL 33445

$3,999,999Sale Price: 1.25 AcresLot Size:

1999Year Built: 9,916 SFBuilding SF:

$403.39Price PSF:


1

4800 W. Linton Boulevard

Delray Beach, FL 33445

$4,200,000Sale Price: 54,450 SFLot Size:

1997Year Built: 10,024 SFBuilding SF:

$418.99Price PSF: 5.69%CAP:

100%Occupancy: $239,032NOI:

1

2

950 SE 5 Avenue


$1,387,500Sale Price: 26,550 SFLot Size:

3,175 SFBuilding SF: $437.01Price PSF:

08/18/2017Closed:

2

Sale Comps

4800 W. LINTON BOULEVARD - BUILDING C 3 | SALE COMPARABLES



1

2

SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP # OF UNITS

4800 W. Linton Boulevard - Building CDelray Beach, FL 33445

$3,999,999 9,916 SF $403.39 - -

SALE COMPS PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE

4800 W. Linton BoulevardDelray Beach, FL33445

$4,200,000 10,024 SF $418.99 5.69% - -

950 SE 5 AvenueDelray Beach, FL33445

$1,387,500 3,175 SF $437.01 - - 08/18/2017

PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE

Totals/Averages $2,793,750 6,600 SF $423.30 5.69% -

Sale Comps Summary




4800 W. Linton Boulevard - Building C | Delray Beach, FL 33445SUBJECT PROPERTY

1Delray Beach, FL33445

4800 W. LINTON BOULEVARD 2Delray Beach, FL33445

950 SE 5 AVENUE

Sale Comps Map



RENT COMPARABLES

4 | RENT COMPARABLES

RENT COMPS

RENT COMPS SUMMARY

RENT COMPS MAP

4RENT COMPARABLES4800 W. LINTON BOULEVARD - BUILDING C

OFFERING MEMORANDUM


Subject Property

4800 W. Linton Boulevard - Building C | Delray Beach, FL 33445

N/ALease Rate: 0 SFSpace Size:

1999Year Built: 1.25 AcresLot Size:

No. Units:


1

4600 Linton Boulevard


$26.50 SF/yearLease Rate: SFSpace Size:

2010Year Built: 33 SFBldg Size:

0 AcresLot Size:

1

Rent Comps

4800 W. LINTON BOULEVARD - BUILDING C 4 | RENT COMPARABLES



1

SUBJECT PROPERTY PRICE AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %

4800 W. Linton Boulevard - Building CDelray Beach, FL 33445

N/A 0 SF 9,916 SF - -

RENT COMPS PRICE AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %

4600 Linton BoulevardDelray Beach, FL33445

$26.50 SF/year - 33 SF - -

PRICE AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %

Totals/Averages $26.50 0 SF 33 SF 0 0%

Rent Comps Summary




4800 W. Linton Boulevard - Building C | Delray Beach, FL 33445SUBJECT PROPERTY

1Delray Beach, FL33445

4600 LINTON BOULEVARD

Rent Comps Map



DEMOGRAPHICS

5 | DEMOGRAPHICS

DEMOGRAPHICS MAP

5DEMOGRAPHICS4800 W. LINTON BOULEVARD - BUILDING C

OFFERING MEMORANDUM


POPULATION 1 MILE 3 MILES 5 MILES

Total population 11,443 87,528 189,985

Median age 51.8 56.2 55.2

Median age (male) 50.6 55.2 54.6

Median age (Female) 54.4 57.1 55.9

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 5,855 43,750 89,946

# of persons per HH 2.0 2.0 2.1

Average HH income $68,701 $71,757 $88,358

Average house value $293,154 $239,262 $334,731

* Demographic data derived from 2010 US Census

Demographics Map

4800 W. LINTON BOULEVARD - BUILDING C 5 | DEMOGRAPHICS


Documents

4800 W. Linton Boulevard - Building C · 2020. 1. 12. · Each Office Independently Owned and Operated kwcommercial.com 6 SALE PRICE $3,999,999 LOCATION INFORMATION Street Address