echo_Property for Sale
echo_Property for Sale

echo

205 Datura St, West Palm Beach, FL, 33401-5657, US

Asset Description

Jones Lang Lasalle (“JLL”), has been retained as the exclusive sales representative for echo (the “Property”), a recently repositioned, 71,694 square foot, mixed-use building situated in the heart of West Palm Beach’s coveted downtown. Centrally located at the hard corner of Datura Street and Narcissus Avenue, the Property offers immediate access to an expansive amenity base including dozens of restaurants, shops, and premier multi-family housing. echo’s recent $10.8 million ($151/SF) transformation has positioned the Property to benefit from the Wall Street South movement, attracting significant financial service users such as Stone Point Capital and Sound Point Capital. West Palm Beach is in the throes of a remarkable economic renaissance, with more than 4,000 luxury residential units, 1,000 hotel keys, and nearly 1 million square feet of office in the development pipeline. The Property is currently 80% leased to a curated roster of tenants with a 5-year Weighted Average Lease Term (“WALT”) and a diverse income stream with substantial parking revenue.


echo is an irreplaceable real estate offering that provides an investor the ability to acquire a fully renovated asset with a diversified income stream, limited future capital requirements, and embedded upside potential in one of the world’s most desirable investment markets.

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Attributes

Building area gross
6,661 m²
Occupancy
80%
Year built
1925
Year renovated
2021
Parking spaces
257

Media

Investment Highlights

  • Best-In-Class Boutique Building
  • Curated Financial Services Tenancy Provides Cash Flow with Embedded Upside
  • Significant Upside Potential 
  • Immediate Value Creation
  • Gateway Location in Wall Street South
  • Significant Parking Revenue with Market Leading 3.6/1,000 SF Parking Ratio
  • High Barrier to Entry & Significant Discount to Replacement Costs
echo 4_Property for Sale
echo 4_Property for Sale

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echo (0 Properties)

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Last updated
22 Jan 2025