7354 Central Industrial Dr, Riviera Beach, FL, 33404
INDUSTRIAL FOR SALE
Closed
Key Information
Tot. SF
11,738
Year Built
1999
Type
Industrial
Highlights
INVESTMENT HIGHLIGHTS
Exceptional Location – Situated in the heart of Palm Beach County’s thriving industrial corridor, 7354 Central Industrial Dr offers a premier location for logistics, distribution, and service-based operations. Located just minutes from I-95 and the Port of Palm Beach, the property provides unmatched access to key regional transportation arteries, facilitating efficient connectivity throughout South Florida and beyond.
Owner/User Opportunity – The property presents a rare opportunity for an Owner/User to acquire a functional and versatile industrial facility in one of South Florida’s most supply-constrained markets. Featuring a beautifully finished two-story office component with elevator access and a spacious warehouse footprint, the building is well-suited for businesses seeking a consolidated headquarters, operations hub, or service center. The property offers immediate occupancy and operational readiness, eliminating the uncertainty and delays of new construction or retrofitting.
Building Features – The property boasts ±11,738 SF of newermetal/CBS construction. It features a high-end, two-story office component with elevator access, offering ample space for executive offices, conference rooms, and administrative functions. The warehouse is equipped with two grade-level loading doors, 24’ clear heights, and open floor space conducive to storage, distribution, or light manufacturing. With its contemporary design and functional amenities, this property provides a turnkey solution for businesses seeking an efficient and professional environment.
Submarket Fundamentals – With little industrial development or supply over the past 18 months, landlords have been able to push rental rates much higher than the metro average as the market becomes tighter. Situated in the heart of a well-established industrial and commercial corridor, industrial vacancies are hovering near all-time lows, as tenants continue to have difficulty finding available space. The submarket has experienced steady rental rate growth, reflecting the limited supply and high demand for quality commercial facilities.
Affluent Area – Average household income is around $123,418 in a 5-mile radius with population estimates of over 211,000 people. These extremely positive demographics are strongly influenced by location, increased rental growth, and declining vacancy rates.