2051 Doctor Martin Luther King Jr. Boulevard Office
  • Property Type
    OfficeProperty Type
  • Building Class
    BBuilding Class
  • Square Feet
    60,969 SFSquare Feet
  • Occupancy
    100%Occupancy
  • Year Renovated
    2018Year Renovated
  • Total Parking
    264Total Parking

Description

Port Center is a 60,969-square-foot, three-story executive office building located in Riviera Beach, FL. Built in 1999 and renovated in 2018, the property is in excellent condition and offers a strong parking ratio of 4.37 spaces per 1,000 square feet, with 264 surface parking spaces on a 5.91-acre site.

The building is fully leased, presenting an opportunity for an owner-user to establish a long-term headquarters presence while benefiting from existing in-place income. A future owner could strategically plan for phased occupancy as leases expire, allowing for a seamless transition into the space while maintaining cash flow from existing tenants.

Strategically located in Riviera Beach, the property enjoys proximity to major transportation corridors and a strong local economic base. Its modern improvements, expansive site, and ample parking make it well-suited for a corporate headquarters, regional office hub, or institutional user seeking a prominent South Florida presence.

Port Center represents a rare opportunity for an owner-user to secure a high-quality office asset with immediate income and long-term occupancy potential in a well-positioned market.

Offering Summary

  • Asking Price
    Unpriced
  • Property Type
    Office
  • Size
    60,969 SF
  • Occupancy
    100%
  • Built
    1999
  • Parking
    Surface
  • Total Acres
    ~5.91 ac

Sale Details

  • NOI
    $986,582
  • In-Place Rents
    25
  • Investment Period
    5 Years

Documents

Property Address

2051 Doctor Martin Luther King Jr. Boulevard
Riviera Beach, FL 33404

Property Details

  • Property Type
    Office
  • Square Feet
    60,969 SF
  • Occupancy
    100%
  • Building Class
    B
  • Year Built
    1999
  • Year Renovated
    2018
  • Stories
    3
  • Parking Ratio
    4.37 per 1000 Sq Ft
  • Total Parking
    264
  • Tenancy
    Multi
  • Operating Expenses ($/SF/yr)
    9.44 $/SF/yr
  • Lease Type
    Full-Service Gross
  • Zoning
    IG
  • Acres
    5.91

Deal Team

Mark Rubin profile image

Mark Rubin

Executive Vice President
Colliers