Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1995
Building Area

Property Description

Jones Lang LaSalle Americas Inc. (“JLL”) is pleased to exclusively offer the opportunity to purchase 3301 Quantum (the “Property”), a recently renovated-to-suit 100,000 square foot ‘mission-critical’, single-tenant office asset in Boynton Beach, Florida (hereinafter referred to as “the Opportunity”). The Property is 100% leased to NYU Grossman School of Medicine, (the “Tenant”) through October 2032 (11.3 year WALT). The parent entity on the Lease is New York University (S&P: AA-; Moody’s: Aa2). The Property was rebuilt by current ownership to NYU’s specifications, with over $16M of capital invested between ownership and the Tenant. The Property boasts a market leading 7.5/1,000 parking ratio, 100% redundant power (four 500KW generators) and has been completely modernized, including roofs, elevators, HVAC, restrooms, and common areas, all of which are per the Tenant's hospital standard. This ‘mission critical’ location will ultimately contain over 900 employees and is NYU’s first major office operation in Florida. Operations on-site will include billing, scheduling, and telemedicine where licensed nurses are on-site to answer questions and facilitate patient needs. NYU chose this location after a nationwide search, where they evaluated over 200 buildings, and ultimately relocated and subsequently expanded at 3301 Quantum. Long term, single-tenant, NNN offerings backed by such high-quality, investment grade tenants are seldom available in Palm Beach County, marking a rare opportunity to invest in a ‘mission-critical’ facility in one of the country’s most land-constrained markets.

Investment Highlights

  • Long-Term Net Lease
  • Mission Critical Facility
  • High-Quality, Committed Tenancy
  • Dynamic Location with Superior Connectivity
  • Recently Completed, Renovated-to-Suit Asset with Above Market Infrastructure
  • Booming Southeast Florida Office
  • White Hot Growth in Palm Beach County
Last Updated Date: 05 May 2021
Matthew McCormack
Matthew McCormack
Director, Capital Markets
Hermen Rodriguez
Hermen Rodriguez
Senior Managing Director, Capital Markets
License details
FL-SL3018820

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+84869421324
Last Updated Date: 05 May 2021

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.