Palm Beach Park of Commerce -  Bldg I_Property for Sale
Palm Beach Park of Commerce -  Bldg I_Property for Sale

Palm Beach Park of Commerce - Bldg I

15810 Walgreens Drive, Jupiter, FL, 33478, US

Description

Jones Lang LaSalle (“JLL”), as exclusive advisor to Ambrose Property Group (“Ambrose”), is pleased to offer for sale the fee-simple interest in Palm Beach Park of Commerce, Building I (the “Offering” or the “Property”), a 246,474-square-foot, LEED Silver certified, Class A industrial facility located in Palm Beach County within the high-growth South Florida region. Situated within the 1,200-acre, master-planned Palm Beach Park of Commerce industrial park, this recently delivered facility is 100% leased to Niagara Bottling and Meyer Tool (collectively, the “Tenants”), with 8.6 years of WALT remaining (13.0 years including renewal options) and ~3.3% average annual escalations between the existing leases. The Property serves as a warehouse and distribution hub for both tenants’ South Florida manufacturing plants located in Jupiter, FL (1 mile) and Lake Park, FL (17 miles). Sitting just off US-HWY 710, the Property offers convenient access to I-95 and the FL Turnpike within 15 minutes, making it an ideal candidate for regional distribution with nearly 13M residents (56% of FL population) within a 3-hour radius. The convenient access to multiple transportation networks, including highways, rail systems, seaports, and airports in Palm Beach, Fort Lauderdale, and Miami, has drawn blue-chip users such as Amazon, Walgreens, McLane and CSX.

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Attributes

Building area net
246,474 sf
Land area gross
17.3 acres
Building class
A
Year built
2024
Occupancy
100%
WALT
8.6 years

Media

Investment highlights

100% OCCUPIED BY TENANTS WITH SIGNIFICANT REGIONAL PRESENCE

  1. The Subject Porperty serves as a regional warehouse and distribution center for Niagara Bottling and Meyer Tool South Florida manufacturing plants in Jupiter, FL (1 mile) and Lake Park, FL (17 miles).


LONG-TERM, GROWING CASH FLOW

  1. 100% leased to two tenants with 8.6 years of weighted average lease term remaining (13.0 years of remaining term including Niagara Bottling’s renewal options).


LEED SILVER CERTIFIED, CLASS A, 2024 CONSTRUCTION

  1. Modern asset features include 32’ clear height, 53 fully-equipped dock doors, 130’ truck courts with a 60’ concrete apron, and ample auto / trailer parking.


INSTITUTIONAL-OCCUPIED MASTER-PLANNED BUSINESS PARK

  1. Palm Beach Park of Commerce is a Class A, 1,200-acre, master-planned industrial park highlighted by institutional users such as Amazon, Walgreens, McLane and CSX.


EXCEPTIONAL CONNECTIVITY

  1. Sitting just off US-HWY 710, which offers access to I-95 and the FL Turnpike within 15 minutes, making it an ideal candidate for regional distribution with nearly 13M residents / 56% of FL population within 3 hours.


PROXIMITY TO MAJOR TRANSPORTATION INFRASTRUCTURE

  1. The site offers convenient access to multiple transportation networks, including highways, rail systems, seaports, and airports in Palm Beach, Fort Lauderdale, and Miami.
Palm Beach Park of Commerce -  Bldg I 4_Property for Sale
Palm Beach Park of Commerce -  Bldg I 4_Property for Sale

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Palm Beach Park of Commerce - Bldg I (0 Properties)

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Last updated
Jul 9, 2025