1850 Forest Hill Boulevard, West Palm Beach, FL 33406 (MLS# RX-11101773)

Use: Professional Office

Type of Building: Commercial; Free Standing; Medical; Office Space; Office/Professional

Construction: CBS

Sale Includes: Building and Land

Avail Docs: Aerial; Survey

Avail Info: Copies of Lease; Existing Survey; Full Financials

Miscellaneous 2: Med Plumbing; Traffic Heavy

Flooring: Other

Cooling: Central Individual; Electric

Heating: Central Individual; Electric

Fire Protect: Smoke Alarm; Sprinkler

Tenant Pays: Cable; Electric; Sewer; Water

Utilities: Cable; Electric; Public Sewer; Public Water; Separate Meter; Septic

Roof: Comp Rolled

Terms Considered: Cash; Conventional

Lease: Gross Rent; Long Term

Possession: At Closing; Funding

Contingencies: Inspection

RARE VALUE-ADD OFFICE INVESTMENT OPPORTUNITY Presenting a unique opportunity to acquire a substantial office complex located on a prime, high-visibility corner on Forest Hill and Florida Mango. Offered for the first time by its generational ownership, this property consists of four contiguous parcels totaling 4.21 acres, featuring three multi-tenant office buildings (1850, 1860, & 1870 Forest Hill Blvd) with a combined 52,463 rentable square feet. This investment offers a clear, multi-stage path to value creation for a new owner. KEY HIGHLIGHTS & BUSINESS PLAN IMMEDIATE OPERATIONAL UPSIDE: Increase NOI on day one by enforcing existing lease clauses for the recovery of Common Area Maintenance (CAM) expenses, which has not been done historically. LEASE-UP POTENTIAL: Immediately lease over 6,200 SF of available space. This includes 5,004 SF of traditional vacancy plus a desirable 1,233 SF owner's suite that will be delivered vacant at closing. SIGNIFICANTLY BELOW-MARKET RENTS: A large portion of the rent roll consists of long-term tenants paying rents at a substantial discount to the current market. This embedded loss-to-lease provides a sustained, long-term driver of revenue growth as leases naturally expire. RECENT CAPITAL IMPROVEMENTS: The property has been significantly de-risked for a new owner with major recent investments, including a new roof on one building (2024), a fully resurfaced parking lot (2023), and a full connection to public water and sewer for all buildings. PRIME LOCATION AND SCALE: A campus-like setting on a major commercial corridor minutes from I-95 and Palm Beach International Airport (PBI), offering excellent visibility and access. PROPERTY DETAILS Address: 1850, 1860, & 1870 Forest Hill Blvd, West Palm Beach, FL 33406 Total Parcels: 4 Total Land Size: 4.21 Acres Total Rentable SF: 52,463 Parking: 173 Surface Spaces This is a rare chance to acquire a large-scale office asset with a proven history and multiple, clear paths to future value. A signed Confidentiality Agreement is required for the release of the full Offering Memorandum (OM), detailed rent roll, and financial information.