A 29,205 square-foot office building in Lake Worth trades for $5.35 million

March 7, 2019

A 29,205 square-foot office building in Lake Worth trades for $5.35 million

 

LAKE WORTH, Fla., March 7, 2019 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Eco Centre, a 29,205 square-foot freestanding four-story office building in Lake Worth, Fla., according to Ryan Nee, first vice president / regional manager of the firm’s Fort Lauderdale office. The asset sold for $5,350,000.

“Eco Centre is a premier asset and this trade is indicative of the strong demand we are experiencing from users in high walkability areas and downtown micro-markets,” stated C. Todd Everett, first vice president of investments, in Marcus & Millichap’s Fort Lauderdale office.

Eco Centre is located at 1005 Lake Avenue in Lake Worth.  The Property was developed in 2008 as a LEED Registered building with a wide variety of “Green” features. Eco Centre benefits from superb walkability and ease of proximity to the entertainment, retail, restaurant and nightlife of the thriving downtown.

Everett had the exclusive listing to market the property on behalf of the seller, a private investor.