Office Space / Florida / West Palm Beach / 33407 / 4400 North Congress Avenue

4400 North Congress Avenue

West Palm Beach, FL 33407

Congress Center North 100 Occupied

Listing ID: 203893

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$8,605,000

For Sale

Property Type Office for Sale : Professional
Lot Size Acres 2.290
Building Sq Ft 41,861
Building Price per Sq Ft $205.56
Land Sq Ft 99,752
Land Price per Sq Ft $86.26

4400 North Congress Avenue | for Sale | Thumbnail 2

4400 North Congress Avenue | for Sale | Thumbnail 3

Description

100% occupied with stable tenants
• 100% collections through COVID
• 2.5% to 3% escalations in every lease
• Weighted-average lease term just under 6 years
• Rents average $22.55/SF - Comparable rents in submarket average $26-27/SF
• 41,861 SF building on 2.29-acre corner site
• 172 parking spaces, 40 covered, 4.6 per 1,000 SF
• New TPO membrane roof in 2015 with warranty through 2035
• Florida is a no income tax state
• Delivered debt free at closing
• Bull Realty Florida License # 1026029

Attachments & Files

offeringmemorandum-Ojg-XNR.pdf

Points of Interest & Demographic Radii

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Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Port St Lucie History of Office Space for Sale

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Listing Demographics for 4400 North Congress Avenue West Palm Beach, FL 33407

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		10,433	117,433	253,109
Population Median Age		39	38	42
Population by Age	0-9 Yrs	1383 (13%)	15112 (12%)	28800 (11%)
	10-19 Yrs	1336 (12%)	13314 (11%)	27163 (10%)
	20-29 Yrs	1373 (13%)	19218 (16%)	34380 (13%)
	30-39 Yrs	1344 (12%)	15761 (13%)	32206 (12%)
	40-49 Yrs	1242 (11%)	14136 (12%)	29648 (11%)
	50-59 Yrs	1502 (14%)	15218 (12%)	31678 (12%)
	60-69 Yrs	1062 (10%)	12409 (10%)	30361 (11%)
	70+ Yrs	1190 (11%)	12265 (10%)	38873 (15%)

Median HH Income		$56,731	$48,168	$52,683
Total Household Income	< 24K	692 (19%)	10164 (23%)	21623 (22%)
	25-49K	872 (24%)	11954 (28%)	25223 (25%)
	50-74K	709 (19%)	8029 (18%)	17207 (17%)
	75-99K	579 (15%)	5061 (11%)	10506 (10%)
	100-199K	637 (17%)	5705 (13%)	15825 (16%)
	200K+	144 (3%)	1729 (4%)	7786 (7%)

Highest Education Level	No Diploma	1087	11119	24326
	Diploma or GED	1828	23187	46409
	Some College	1423	15362	33391
	Assoc. Degree	532	7137	16353
	Bachelors Degree	1506	14733	37148
	Higher Degree	742	8799	23672

Total Housing Units		4,390	52,800	134,267
--Owner-Occupied		2,223	20,008	52,198
--Renter-Occupied		1,409	22,635	45,972
Owner-Occupied Values	< 100K	372	4965	11332
	100-199K	1092	7354	12447
	200-299K	403	4098	9723
	300-399K	150	1183	4755
	400-499K	48	494	2909
	500K+	158	1914	11033

Total Working Age Population		8,200	94,093	208,437
In Work Force		5,376	61,961	128,429
Not In Work Force		2,824	32,132	80,007
Workforce Employed		4,904	56,762	119,042
Workforce Unemployed		472	5,155	9,317
Civlian Workforce		5,376	61,917	128,359
Military Workforce		0	44	70

Total Households		3,632	42,643	98,169
Family Households		2,256	24,348	55,236
Non-Family Households		1,376	18,294	42,933
Married Couple		1,324	13,591	36,396
Other Family		932	10,757	18,841
Married w/Child		570	5,300	11,951
Single Male w/Child		79	871	1,963
Single Female w/Child		316	3,920	6,611

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Florida	15,982,378	+18	18,801,310	+14	21,517,610	+13	24,340,457
Palm Beach County	1,131,184	+17	1,320,134	+12	1,473,738	+11	1,640,998

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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