• Wellington Commons
  • Wellington Commons
  • +2 images Wellington Commons
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Wellington Commons

Off-Market

8401 Lake Worth Road, Lake Worth, FL 33467

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Shared Space
  • Property Size 92,000 Sqft
  • Lot Size 8.6 Acre
  • Parking Spaces Avail. 460
  • Parking Ratio 5.00/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 2006

Location

  • City Lake Worth, FL
  • Neighborhood Park Ridge Golf Course
  • Zip Code 33467
  • Market West Palm Beach Boca Raton

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space		 Rent Price Lease
Type		 Space
Type		 Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross		 General
Office		 11/01/2014-
N/A
370 17th Street
#6000		 Morrison & Foerster,
(303) 592-1500		 10,710 SF $26/SF/YR Full
Service		 General
Office		 08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 18 Apr, 2013
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Lake Worth

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Lake Worth Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $24.25
  • 2020 Office Vacancy Rate 3.73%
  • 2020 Office Completions (Sqft)
View more Lake Worth market trends

Tax

  • Property Tax in 2020 $179,752
  • Market Value $12,446,688
  • Assessed Value $12,446,688

Find more tax info, including assessment history and abatements, on CommercialEdge

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