Office Condo Units for Sale or Lease in the Guaranty Building 120 South Olive Avenue, West Palm Beach, Florida 33401 PROPERTY HIGHLIGHTS: 8 story office building located in heart of the Flagler Financial District in Downtown West Palm Beach. Office space from 259 to 4,118 RSF. Located on the N.E. Corner of Datura Street and South Olive Avenue, 1 block south of Clematis Street. Within walking distance to the Palm Beach County Courthouse, The public library, City Place and the Clematis Street Waterfront District. Listed on the U.S. National Register of Historic Places in 1998. Rare opportunity to own your own office suite in downtown West Palm Beach! For Lease from $22.00 - $25.00 psf full service (includes electric and janitorial). For Sale from $175 - $195 psf. For Further Information Contact: Kerry Jackson, SIOR, Vice President Reichel Realty & Investments, Inc. 8845 North Military Trail, Ste. 100 Palm Beach Gardens, Florida 33410 561-478-4440 main; 561-512-7512 mobile www.reichelrealty.com kjackson@reichelrealty.com Commercial Real Estate Expertise for Today s Market Note: Any information given herewith is obtained from sources considered reliable. However, we are not responsible for misstatement of facts, errors, or omissions. Owner may withdraw from market prior to sale or change price without notice.
Property Information Sheet Property: Location: Zoned: Demographics: Pricing: 8 story office and retail building located in the heart of the Flagler Financial District in downtown West Palm Beach. Built in 1925, the Guaranty Building was listed on the U.S National Register of Historic Places on December 10, 1998. The building s common areas, including the lobby and bathrooms on each floor, were substantially renovated in 2006. The building has entrances on both Datura Street and South Olive Avenue, an elevator system, a grand staircase leading from the lobby to the second floor, interior stairs, an exterior fire escape on the east side of the building and an after-hours keypad entry system. Electric, janitorial, trash and water is included in the rent for office tenants or in the POA fees for unit owners. Located one block south of Clematis Street on the Northeast Corner of Datura Street and South Olive Avenue in the newly created Flagler Financial District. Within walking distance to the Palm Beach County Courthouse, The Mandel Public Library of West Palm Beach, and many fine restaurants and amenities on Clematis Street. Throughout the year, multiple events are held on Clematis Street and the recently reconstructed waterfront (with public access boating docks), including but not limited to; Clematis by Night, The West Palm Beach Green Market, Sunday on the Waterfront, 4 th on Flagler, SunFest, MoonFest and The Palm Beach International Boat Show. (CWD-CD) Clematis Waterfront District - Conservation District, City of West Palm Beach Population: 12,218 (1-mile radius) Avg. HH Income: $84,537 (1-mile radius) Daytime Population: 23,492 (1 mile radius) Lease rates range from $22.00 psf to $25.00 psf full service based on current condition, location, view, etc. (lease rate includes operating expenses, electric and janitorial). Sale prices range from $175 - $195 psf for the office units. See attached price list for specific unit pricing and lease rates. Operating Expenses: Contact: Contact agent for details Kerry Jackson, SIOR, Vice President Reichel Realty & Investments, Inc. 8845 North Military Trail, Suite 100 Palm Beach Gardens, Florida 33410 (561) 478-4440 main; (561) 512-7512 mobile kjackson@reichelrealty.com Commercial Real Estate Expertise for Today s Market Note: Any information given herewith is obtained from sources considered reliable. However, we are not responsible for misstatement of facts, errors, or omissions. Owner may withdraw from market prior to sale or change price without notice.
GUARANTY BUILDING - SUITES AVAILABLE FOR SALE RENTABLE PRICE UNIT STATUS SQ FT PER SF LIST PRICE 202 AVAILABLE 563 $190 $106,970 208 AVAILABLE 259 $200 $51,800 210 AVAILABLE 2,060 $185 $381,100 211 AVAILABLE 1,488 $175 $260,400 212 AVAILABLE 1,046 $175 $183,050 302 AVAILABLE 668 $185 $123,580 305 AVAILABLE 1,353 $175 $236,775 403 AVAILABLE 1,405 $175 $245,875 404 AVAILABLE 1,603 $175 $280,525 500 AVAILABLE 812 $185 $150,220 601 AVAILABLE 1,439 $195 $280,605 800 AVAILABLE 2,108 $47 $100,000
GUARANTY BUILDING - SUITES AVAILABLE FOR LEASE RENTABLE PRICE ANNUAL MONTHLY UNIT STATUS SF PER SF 102 AVAILABLE 1,149 $35 $40,215.00 $3,351.25 202 AVAILABLE 563 $25 $14,075.00 $1,172.92 208 AVAILABLE 259 $25 $6,475.00 $539.58 302 AVAILABLE 668 $25 $16,700.00 $1,391.67 403 AVAILABLE 1,405 $25 $35,125.00 $2,927.08 404 AVAILABLE 1,603 $23 $36,869.00 $3,072.42 500 AVAILABLE 812 $25 $20,300.00 $1,691.67
GB 1922,LLC SUITES FOR SALE WITH ASSOCIATION FEES AND REAL ESTATE TAXES UNIT Monthly 2015 Association R/E taxes Fees 202 $ 220.63 $1,264.57 208 $ 102.37 $581.03 210 $ 810.14 **$4,631,43 211 $ 584.22 **$3,345.36 212 $ 411.25 **$2,351.22 302 $ 262.99 $1,501.16 305 $ 531.27 $3,039.12 403 $ 552.45 $3,157.39 404 $ 630.11 $3,601.72 500 $ 319.47 $1,824.53 600 $ 912.51 **$4,363.17 601 $ 676.00 **$3,234.90 602 $ 667.17 **$3,195.45 800 $ 829.55 **$2,991,32 **Calculated on new subdivision of Suites