Industrial Properties
2300 Witt Street West Palm Beach, FL 33409
Details & Description
Price: $3,500,000
    Marcus & Millichap, as exclusive advisor, is pleased to present for sale 2300 Witt Street (the “Property”), a 24,430-squarefoot, single-tenant industrial distribution facility located in West Palm Beach, Florida. The parcel is situated in the Airport Industrial Park in the heart of Palm Beach County, and is less than a half-mile north of Palm Beach International Airport (PBI). The Property is 100-percent leased to SCP Distributors. With more than 2,000 employees, 228 locations and 120,000 wholesale customers worldwide, SCP Distributors is part of a distribution network that leads the pack as the world’s largest wholesale distributor of swimming pool supplies, equipment and related leisure products. 2300 Witt Street represents an opportunity for an investor to acquire a fully occupied asset with a national tenant, obtain immediate cash flow in a high-barrier-to-entry market, and enjoy future upside with rent escalations and a market-rate clause upon the next renewal.
    Property Highlights
     STRONG NATIONAL TENANTFully occupied by SCP Distributors, who has occupied the Property since 2004
     EXCEPTIONAL ACCESS TO AND FROM SURROUNDING AREAS
    Listing Agents
    Douglas Mandel

    O: 954-245-3465
    douglas.mandel@marcusmillichap.com
    Tyler Kuhlman
    Marcus & Millichap
    O: 954-245-3428
    tyler.kuhlman@marcusmillichap.com
    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.

    2300 Witt Street

    West Palm Beach, FL 33409

    Listing ID: 275760
    • 2300 Witt Street West Palm Beach, FL 33409 | for Sale | Photo 1
    • 2300 Witt Street West Palm Beach, FL 33409 | for Sale | Photo 2
    • 2300 Witt Street West Palm Beach, FL 33409 | for Sale | Photo 3
    2300 Witt Street | for Sale | Thumbnail 1
    2300 Witt Street | for Sale | Thumbnail 2
    2300 Witt Street | for Sale | Thumbnail 3
    Building Size: 24,430 SF
    Lot Size: 1.300 AC
    Land Size: 56,628 SF
    Building $/SF: $143.27
    Land $/SF: $61.81
    Price
    $3,500,000
    Property Highlights
    STRONG NATIONAL TENANTFully occupied by SCP Distributors, who has occupied the Property since 2004
    EXCELLENT CENTRALIZED LOCATION
    EXCEPTIONAL ACCESS TO AND FROM SURROUNDING AREAS
    Description

    Marcus & Millichap, as exclusive advisor, is pleased to present for sale 2300 Witt Street (the “Property”), a 24,430-squarefoot, single-tenant industrial distribution facility located in West Palm Beach, Florida. The parcel is situated in the Airport Industrial Park in the heart of Palm Beach County, and is less than a half-mile north of Palm Beach International Airport (PBI). The Property is 100-percent leased to SCP Distributors. With more than 2,000 employees, 228 locations and 120,000 wholesale customers worldwide, SCP Distributors is part of a distribution network that leads the pack as the world’s largest wholesale distributor of swimming pool supplies, equipment and related leisure products. 2300 Witt Street represents an opportunity for an investor to acquire a fully occupied asset with a national tenant, obtain immediate cash flow in a high-barrier-to-entry market, and enjoy future upside with rent escalations and a market-rate clause upon the next renewal.

    Points of Interest & Demographic Radii

    Points of Interest
    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.
     
    Fort Lauderdale History of Industrial Properties for Sale

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    West Palm Beach Area Market Trends

    Listing Demographics for 2300 Witt Street West Palm Beach, FL 33409

    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 Population9,030119,985302,061
    Population Median Age343940
    Population by Age0-9 Yrs1354 (14%)13987 (11%)36591 (12%)
    10-19 Yrs1160 (12%)13802 (11%)34791 (11%)
    20-29 Yrs1617 (17%)18661 (15%)41520 (13%)
    30-39 Yrs1451 (16%)17815 (14%)41276 (13%)
    40-49 Yrs1132 (12%)15427 (12%)39033 (12%)
    50-59 Yrs1082 (11%)14108 (11%)37486 (12%)
    60-69 Yrs687 (7%)11842 (9%)32661 (10%)
    70+ Yrs548 (6%)14344 (11%)38703 (12%)
    Median HH Income$41,373$49,096$51,019
    Total Household Income< 24K757 (27%)10216 (23%)24460 (22%)
    25-49K898 (33%)12144 (27%)29345 (26%)
    50-74K520 (19%)7405 (16%)19612 (17%)
    75-99K203 (7%)4422 (10%)11906 (10%)
    100-199K312 (11%)6540 (14%)16806 (15%)
    200K+29 (1%)3301 (7%)7352 (6%)
    Highest Education LevelNo Diploma16241484535732
    Diploma or GED19242176357563
    Some College9931487638100
    Assoc. Degree449779418745
    Bachelors Degree5811486538888
    Higher Degree320949722059
    Total Housing Units3,24957,056139,633
    --Owner-Occupied1,19019,41358,144
    --Renter-Occupied1,52924,61651,338
    Owner-Occupied Values< 100K395310512619
    100-199K422496716272
    200-299K231378611638
    300-399K8118934951
    400-499K2011562664
    500K+4145069999
    Total Working Age Population6,89398,817245,144
    In Work Force4,77963,434158,078
    Not In Work Force2,11335,38487,066
    Workforce Employed4,39659,113146,332
    Workforce Unemployed3834,27811,673
    Civlian Workforce4,77963,391158,005
    Military Workforce04273
    Total Households2,71944,029109,482
    Family Households1,85823,95464,294
    Non-Family Households86120,07545,188
    Married Couple1,04814,92340,708
    Other Family8109,03123,586
    Married w/Child4915,48314,778
    Single Male w/Child1671,1302,685
    Single Female w/Child2233,4288,664

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
    Palm Beach County1,131,184+171,320,134+121,473,738+111,640,998

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    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.

    Common Questions and Answers

    What is the asking price for 2300 Witt Street in West Palm Beach?
    The asking price for 2300 Witt Street is $3,500,000
    What is the building size of this Industrial property in West Palm Beach, FL?
    The size of the building/unit at 2300 Witt Street in West Palm Beach is 24,430 square feet
    How much land does the West Palm Beach, FL property at 2300 Witt Street include?
    2300 Witt Street in West Palm Beach includes 1.300 acres of land
    What kind of Industrial is the propery at 2300 Witt Street?
    The property at 2300 Witt Street West Palm Beach, FL 33409 is listed as a Distribution Industrial property
    What is the population within 1 mile of 2300 Witt Street in West Palm Beach?
    The population within 1 mile of 2300 Witt Street West Palm Beach, FL 33409 is 9,030 people.
    Who do I contact for questions about 2300 Witt Street?
    You should contact the listing agent, Douglas Mandel, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Palm Beach International Airport (PBI) 1
    Fort Lauderdale Hollywood International Airport (FLL) 43
    Miami International Airport (MIA) 64
    Price
    $3,500,000
    Listing Agent
    Listing Co-Agent
    Douglas Mandel - CRE Agent at Marcus & Millichap

    Tyler Kuhlman

    Independent Agent
    More listings from Douglas Mandel
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