CBRE Arranges Sale Of Industrial Property In Lake Worth Beach

CBRE has arranged the sale of a 6,875-sq.-ft. industrial property, Lake Worth Small Bays, in Lake Worth Beach for $1,967,500.

CBRE’s Tyler Kuhlman and Luke Hansen represented the seller, Present Equity Advisors, in the transaction.

Located at 1106 5th Ave. S., Lake Worth Small Bays features 17 bay doors and is configured with nine tenants ranging from 400 to 1,200 square feet. The property is fully occupied by small, local businesses.

The property is situated in an industrial corridor near the Florida East Coast railway and offers proximate access to Interstate 95 and the Sawgrass Expressway.

“This trade exemplifies the ongoing, intense demand for small bay industrial space across Palm Beach County,” said Kuhlman, First Vice President with CBRE.

This transaction is one of the highest sales to date for a small-bay industrial investment property in the Lake Worth market.