2,955 SF Industrial Condo Unit For Sale

5401 North Haverhill Road, Unit 122, West Palm Beach, Florida

PROPERTY HIGHLIGHTS:

● 2,955 sf industrial condo for sale. The unit has 525 sf

of office/showroom space on the ground floor plus

525 SF office space on the second floor and 1,905

sf of air-conditioned warehouse space.

● Tilt-up concrete construction with a steel bar-joist

roof system and a lightweight concrete deck.

● Impact resistant, windows, entry and overhead doors.

● 20’ clear height in the warehouse.

● 7 parking spaces (2 designated)

● (1) 10’ wide x 12’ high overhead door.

● Zoned (IPD) Industrial Planned Development -

West Palm Beach

● For Sale: $450,000

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.

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 office

(561) 512-7512 mobile

www.reichelrealty.com

kjackson@reichelrealty.com

WEST PALM COMMERCE PARK

OUTLINE SPECIFICATIONS

STANDARD WAREHOUSE BAY Warehouse/General Building Specifications:

Exposed, bare steel joist ceilings.

Exposed unpainted concrete walls and/or demising walls and structure.

One (1) 10’-0” x 12’-0” overhead door at loading area (manually operated).

20’ clear ceiling height.

Fire sprinkler system to code.

R-11 roof insulation.

5” concrete floor slab.

Water and sewer stubbed to each unit with hose bibcock.

Each standard unit shall be column free.

Exhaust fan to code.

175 watt metal halide warehouse lights.

Exit signs and emergency lighting per code.

225 amp, with 150 main, 120-208 volt, 3 phase breaker electrical panel board.

One (1) ADA compliant restroom with VCT flooring.

Exterior

Exterior lighting per code.

Extensive exterior landscaping.

Ten (10) year manufacturer’s roof warranty.

Hurricane shutters.

Tinted glass windows and entry doors.

High quality, low maintenance, tilt wall concrete construction.

High profile signage area available for each bay.

Development identification monument signage.

Mezzanine Area

Steel and concrete structural mezzanine with a staircase and railing.

42” high railing at mezzanine.

150 pounds per square foot loading capacity.

OPTIONAL GROUND FLOOR OFFICE AREA BELOW MEZZANINE

Open architecture with no interior office partitions.

Partition wall separating office area from warehouse area.

Office partitions in place taped and sanded, ready for paint (paint by buyer).

Paint and all floor coverings to be provided by the buyer (post closing).

Five (5) 2’ x 4’ lay-in fluorescent light fixtures installed.

2’ x 4’ lay in acoustical ceiling tiles installed.

Air-conditioning and related duct work installed.

Electrical service to code. Outlets to be located by Buyer.

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WEST PALM BEACH COMMERCE PARK

HURRICANE COMPONENTS

The West Palm Beach Commerce Park office/warehouse project has been designed to comply with

some of the most stringent design standards in the country. The buildings are built with a system of tilt up construction, which incorporates poured in place solid walls of concrete and steel, and steel plates used to bond the concrete panels together. This method creates a much stronger and better insulated wall than is possible with traditional masonry construction.

Within this office/warehouse condominium park there are three separate buildings. All of the materials and components used on the exterior of the buildings are designed to comply with the corresponding Product Approvals required by code. Product Approval is a classification that began after the destruction of Hurricane Andrew, where all products to be used in the exterior of a building in the Tri-County area must satisfy government safety standards. This classification requires that the product will not come apart and become an airborne missile. For example, the overhead doors are reinforced to sustain 50 lbs of pressure per square foot in order to withstand the impact of a projectile during a hurricane.

Another highlight of the upgraded design components that were added to this facility is the use of impact

resistant windows and doors, instead of incorporating shutters. Although shutters are the product of choice among local builders due to cost, it also requires that the Owners have an installation plan to install and remove the shutters every time a storms threatens. The installation of impact resistant glass windows and doors allow the Owners the same protection year round, without any additional effort. The impact resistant glass also adds additional security against minor vandalism that may be caused by throwing objects at the windows and doors.

ROOF:

- The roof is a bar-joist/metal system with a lightweight insulated concrete deck

- R value of R 11

WALLS/STRUCTURE:

- The walls are tilt up concrete

- All buildings are designed to withstand 140 mph winds

WINDOWS:

- The windows are impact resistant and can withstand both large and small missile

impact

- The design wind pressures vary depending on location, with the strongest at zone 5

DOORS:

- The roll up garage doors are made of galvanized steel

- The garage doors meets Miami-Dade Product Approvals, and are designed to

withstand 50 lbs per square foot – both small and large missile impact

- The Miami Dade standards are more stringent regarding some components than Palm

Beach County, as in this case

- The personal entry doors are also impact resistant

WEST PALM COMMERCE PARK CONDO ASSOC.

2017 Budget

2017 Annual

Budget

Bad Debt Expense $0

Bank Charges $350

Licenses and Permits $250

Legal & Accounting Fees $1,500

Management Fees $18,900

Office/Postage/Misc. $0

Insurance Expense $38,500

Roof Repairs $2,500

Building $1,000

Electrical $5,000

Fire/Security $7,500

Irrigation $1,500

Landscaping $20,000

Misc. Maint Service $1,500

Pest Control $750

Plumbing $1,500

Electric $12,000

Fire Line - Water $8,100

Telephone $5,800

Trash $31,500

Prohibited Trash Removal $5,000

Water & Sewer $23,200

POA Fees $0

Reserves $143,200

TOTAL OPERATING BUDGET $329,550

Total Reserves Balance as of 12/31/2016 $331,784

Monthly Maintenance Fees2017 Monthly

Payment

Units 101-106, 114-119 $439.40Units - 107-113, 120-126, 335-346 $645.37Units 228-229, 232-233 $664.59Units 227, 230, 231, 234 $689.31

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