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O’Reilly Commercial Realty LLCPatrick O’Reilly
Phone: (352) 237-2222
Email: OreillyCommercialRE@gmail.com
Port St. Lucie Commercial Property For Sale
Office For Sale - Westview Plaza I in St. Lucie West
| Price | $6,671,678 | Occupancy | 88% |
| Building Size | 30,002 SF | No. Stories | 2 |
| Price per SF | $222.37 | Building Class | A |
| Property Type | Office | Tenancy | Multiple |
| Property Sub-type | More... | Year Built | 1998 |
| Property Use Type | Investment | Lot Size | 2.51 AC |
| Cap Rate | 7.25% | APN / Parcel ID | 3323-914-0009-000-0 |
Description of Florida Office Building For Sale
Westview Plaza I is a ±30,002 S.F. two story, Class A office building situated on a 2.51± acre lot. This investment property is located within the master-planned community of St. Lucie West, the area is comprised of more than 6,000 families and 200 businesses. Westview Plaza I is part of a thriving region with convenient proximity to ample shopping, dining and entertainment options.
This property offers investors an opportunity to purchase a stabilized office project with excellent cash flow, upside opportunity to lease remaining vacant suites, and increase rents as existing leases mature and benefit from continued market rental rate growth & demand projected for the industry.
As of Q4 2015, Port St. Lucie' s overall office market experienced positive absorption for the past 15 consecutive quarters. Westview Plaza is located off of SW Fountainview Boulevard adjacent to Interstate 95 at St. Lucie West Boulevard. This facility is in the heart of St. Lucie West, minutes away from shopping, banking, restaurants and employment centers with easy access to I-95 and Florida' s Turnpike. St. Lucie West is a large 4,600-acre Planned Unit Development (PUD) which surrounds St. Lucie West Boulevard east of I-95 in Port St. Lucie. This community contains more than 6,000 families, 200 businesses and employs over 7,500 people.
As of Q4 2015, Port St. Lucie' s overall office market experienced positive absorption for the past 15 consecutive quarters. Westview Plaza is located off of SW Fountainview Boulevard adjacent to Interstate 95 at St. Lucie West Boulevard. This facility is in the heart of St. Lucie West, minutes away from shopping, banking, restaurants and employment centers with easy access to I-95 and Florida' s Turnpike. St. Lucie West is a large 4,600-acre Planned Unit Development (PUD) which surrounds St. Lucie West Boulevard east of I-95 in Port St. Lucie. This community contains more than 6,000 families, 200 businesses and employs over 7,500 people.
Highlights of Florida Office Building Investment Property
- Two Story Class A Office Project totaling ±30,002 Square Feet
- Meticulously Maintained Building and Grounds
- Prime Location in the Master-Planned Community of St. Lucie West
- Historically High Occupancy Rate
- Strong Mixed Tenancy of Medical & Professional Office Users
- One of the few buildings in St. Lucie West that is NOT DEED RESTRICTED for Real Estate Resale & Title Companies
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