6045 Hagen Ranch Rd
Lake Worth, FL 33467
Hagen Ranch Crossing · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Synergistic Tenant Mix Comprised of Over 87% Medical Users
- All NNN Leases Structured with Annual Rental Increases
- 2015 Construction - Over Two Acre Parcel with 65 Parking Spaces (5.95 Parking Spaces per 1,000 SF)
- Located on a Signalized Intersection of Lantana Road & Hagen Ranch Road with over 42,000 Vehicles per Day
- Average Household Income Over $122,000 within a 1-Mile Radius
EXECUTIVE SUMMARY
Marcus & Millichap, as exclusive agent, is pleased to market for sale 6045 Hagen Ranch Road in Lake Worth, Florida. 6045 Hagen Ranch Road is a 10,799 square foot multi-tenant medical center. The property is located on the southwest corner of the signalized intersection at Lantana Road and Hagen Ranch Road. It benefits strong demographics, where the average household income within a one-mile radius of the property is over $122,000. The property was built in 2015 and is 100% occupied, with a synergistic tenant mix comprised of nearly all medical users. It is situated on more than two acres of land, providing 5.95 parking spaces per 1,000 square feet.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
10,921 SF
Building Class
B
Year Built
2015
Price
£4,533,164
Price Per SF
£415
Net Initial Yield
5.72%
NOI
£259,344
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
10,799 SF
Building FAR
0.12
Lot Size
2.06 AC
Zoning
CLO - Limited Office Commercial
Parking
65 Spaces (6.02 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 00-42-44-40-06-001-0000 | Improvements Assessment | £1,947,165 |
| Land Assessment | £828,163 | Total Assessment | £2,259,279 |
