About 1850 Forest Hill Boulevard
VALUE-ADD OFFICE COMPLEX. First time on market. Prime corner location on Forest Hill Blvd. 4 parcels totaling 4.21 acres with 3 buildings and 52,463 rentable SF. Significant upside potential through professional management. Increase NOI immediately by leasing 76,227+ SF of available space and enforcing CAM recovery clauses. Major long-term growth opportunity by marking significant below-market rents to current rates as leases roll over. Recent major capital improvements de-risk the investment. Ideal for a 1031 exchange or long-term investor seeking substantial equity creation. RARE VALUE-ADD OFFICE INVESTMENT OPPORTUNITY
Presenting a unique opportunity to acquire a substantial office complex located on a prime, high-visibility corner on Forest Hill and Florida Mango. Offered for the first time by its generational ownership, this property consists of four contiguous parcels totaling 4.21 acres, featuring three multi-tenant office buildings (1850, 1860, & 1870 Forest Hill Blvd) with a combined 52,463 rentable square feet.
This investment offers a clear, multi-stage path to value creation for a new owner.
KEY HIGHLIGHTS & BUSINESS PLAN
IMMEDIATE OPERATIONAL UPSIDE: Increase NOI on day one by enforcing existing lease clauses for the recovery of Common Area Maintenance (CAM) expenses, which has not been done historically.
LEASE-UP POTENTIAL: Immediately lease over 6,200 SF of available space. This includes 5,004 SF of traditional vacancy plus a desirable 1,233 SF owner's suite that will be delivered vacant at closing.
SIGNIFICANTLY BELOW-MARKET RENTS: A large portion of the rent roll consists of long-term tenants paying rents at a substantial discount to the current market. This embedded loss-to-lease provides a sustained, long-term driver of revenue growth as leases naturally expire.
RECENT CAPITAL IMPROVEMENTS: The property has been significantly de-risked for a new owner with major recent investments, including a new roof on one building (2024), a fully resurfaced parking lot (2023), and a full connection to public water and sewer for all buildings.
PRIME LOCATION AND SCALE: A campus-like setting on a major commercial corridor minutes from I-95 and Palm Beach International Airport (PBI), offering excellent visibility and access.
PROPERTY DETAILS
Address: 1850, 1860, & 1870 Forest Hill Blvd, West Palm Beach, FL 33406
Total Parcels: 4
Total Land Size: 4.21 Acres
Total Rentable SF: 52,463
Parking: 173 Surface Spaces
This is a rare chance to acquire a large-scale office asset with a proven history and multiple, clear paths to future value.
A signed Confidentiality Agreement is required for the release of the full Offering Memorandum (OM), detailed rent roll, and financial information.
