255 George Bush Blvd
MEDICAL OFFICE BUILDING FOR SALE
Marketing description
Cushman & Wakefield of Florida, LLC, acting as exclusive advisor, is pleased to present the opportunity to acquire 255 George Bush Blvd (the Property) at an offering price of $2,500,000. The Property consists of a 2,696 SF medical office building ideally located in the heart of Delray Beach. Strategically positioned along George Bush Boulevard, approximately one mile north of Atlantic Avenue and just west of Federal Highway, the Property benefits from excellent visibility, convenient access, and close proximity to Delray Beach’s premier retail and dining corridor. The site offers 24 parking spaces, providing an attractive parking ratio of 8.9/1,000 SF. Currently, the building is 60% leased to a single tenant occupying 1,616 SF, offering stable in-place income while presenting a value-add opportunity through lease-up of the remaining 1,080 SF vacancy. The Property currently generates in-place NOI of $64,640, with the potential to increase to $107,840 upon full lease-up. Additionally, the asset offers long-term upside through potential redevelopment upon tenant rollover, enhancing its appeal as both a cash-flowing investment and a strategic repositioning opportunity.
Investment highlights
STRATEGIC LOCATION
Situated in a high-demand downtown submarket with strong demographics and continued in-migration
INCOME IN PLACE
60% occupied by a medical tenant providing lease-up or owner-occupant opportunity
RESIDENTIAL/OFFICE
Redevelopment Potential Ideal candidate for future mixed-use or office redevelopment
ATTRACTIVE USER OPPORTUNITY
Suitable for owner-user medical or professional office
STRONG MARKET FUNDAMENTALS
Increasing rents and limited supply in the Delray Beach office submarket
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