For Sale: Columbia Medical Plaza, West Palm Beach, Florida – CBRE Inc.

Improved Tenancy | For Sale | Columbia Medical Plaza | 4700 N. Congress Avenue, West Palm Beach, FL 

The Offering
CBRE, Inc., acting as exclusive agent, is pleased to offer for sale Columbia Medical Plaza, an 84.1% leased medical office building comprising 43,798 SF of rentable area directly across from the newly repositioned, 250-bed West Palm Hospital. The Property offers an above-market parking ratio and a convenient location, only 0.5-mile from I-95 and 1.0-mile from the Mangonia Park Tri-Rail Station. Since acquiring the Property in 2010, Ownership has increased the occupancy from 32% and invested over $800,000 in capital improvements to tenant suites, landscaping, the lobby and common areas. There remains significant upside potential to stabilize the asset above 90% occupancy without the high capital costs that are often required for a value-add opportunity.   
 
•Strategic location near major hospitals, highways and public transportation 
•$800,000 invested in capital improvements since 2010 
•Value-add opportunity with strong historical medical office occupancy 
•Robust projected population growth  
•Stable tenant base with a weighted average of 6.4-years of term remaining
•Favorable trends will drive future MOB demand
•Adjacent to HCA-Owned Hospital
•Designed for 7,000 SF building expansion
 
For more information on the Columbia Medical Plaza please visit us online at http://pcg.cbre.com/pcg-invite/8763

Exclusive Contacts

Property Inquiries & Tours
 
Scott O’Donnell
Senior Vice President
+1 561 393 1602
scott.odonnell@cbre.com  
 
Dominic Montazemi
Vice President
+1 561 393 1622
dominic.montazemi@cbre.com 
 
Miguel Alcivar
Associate
+1 305 381 6488
miguel.alcivar@cbre.com

CBRE, Inc.Licensed Real Estate Broker 

Healthcare Capital Markets 
Chris Bodnar
Senior Vice President
+1 303 628 1711
chris.bodnar@cbre.com  
 
Lee Asher
First Vice President
+1 404 504 5965
lee.asher@cbre.com