$6,650,000
1850 Forest Hill Boulevard
West Palm Beach, FL 33406
MLS# RX-11101773
Status: Closed
14 baths  |  52463 sqft


Aerials-26-2-framed
  1 / 20  
Aerials-26-2-framed 1850 Building 1860 Building 1860 Building 1870 Building 1870 Building 1870 Building 1870 Building 1870 Building House4-14 House4-13 House4-9 Aerials-30 Aerials-33 Aerials-36 framed Aerials-36 Aerials-40 Aerials-42 Aerials-43 Aerials-44

Property Description
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.

Details
Contract Information
Auction: No
List Price/Bldg SqFt: 123.89
Negotiable Seller Concessions YN: Yes
Status: Closed
Original List Price: 6500000
Sold Price: $6,650,000
Current Price: $6,650,000
Listing Date: 2025-06-23
General Property Description
For Sale: Yes
For Lease: No
Property Desc: Office Complex
Acres: 4.21
Built Desc: Resale
Waterfront: No
SqFt Source: Owner
# of Stories: 2
Total Units: 44
% Air Conditioned: 100
Type: Office
Subdivision: FLA-MANGO GROVELETS
Year Built: 1981
SqFt - Living: 52463
Baths - Total: 14
Location, Tax & Legal
Geo Area: PB21
Country: United States
State/Province: FL
Tax Year: 2024
Zoning: LC(cit
Real Estate Taxes: 209638
Area: 5470
County: Palm Beach
Parcel ID: 34434408060060021
Street #: 1850
Street Name: Forest Hill
Street Suffix: Boulevard
Zip Code: 33406
Legal Desc: FLA MANGO GROVELETS ADDN NO 1 AMND LT 2 (LESS WLY 567 FT) & TH PTOF LT 3 LYG SELY OF & ADJ TO FOREST HILL BLVD BLK 6
Geo Lat: 26.65091
Geo Lon: -80.078302
Remarks & Misc
Directions: Corner of Forest HIll Blvd. and Florida Mango
Office/Member Info
DXORIGMLNO: RX-11101773
DXORIGMLSID: RML
Status Change Info
Terms of Sale: Exchange
Sold Price/Bldg SqFt: 126.75
Under Contract Date: 2025-07-28
Sold Date: 2025-10-01
Sold Price: $6,650,000
Building Info
# of Offices: 44
# of Tenants: 30
Miles to Expressway: 1
Miles to Beach: 8
Type of Building
Commercial: 1
Free Standing: 1
Medical: 1
Office Space: 1
Office/Professional: 1
Sale Includes
Building and Land: 1
Avail Info
Copies of Lease: 1
Existing Survey: 1
Full Financials: 1
Construction
CBS: 1
Avail Docs
Aerial: 1
Survey: 1
Cooling
Central Individual: 1
Electric: 1
Heating
Central Individual: 1
Electric: 1
Tenant Pays
Cable: 1
Electric: 1
Sewer: 1
Water: 1
Use
Professional Office: 1
Miscellaneous 2
Med Plumbing: 1
Traffic Heavy: 1
Flooring
Other: 1
Utilities
Cable: 1
Electric: 1
Public Sewer: 1
Public Water: 1
Separate Meter: 1
Septic: 1
Fire Protect
Smoke Alarm: 1
Sprinkler: 1
Roof
Comp Rolled: 1
Terms Considered
Cash: 1
Conventional: 1
Possession
At Closing: 1
Funding: 1
Lease
Gross Rent: 1
Long Term: 1
Contingencies
Inspection: 1
Concessions
Seller Concessions: No
Contributions
Buyer Contributions: No
Property Features
Use: Professional Office
Type of Building: Commercial; Free Standing; Medical; Office Space; Office/Professional
Construction: CBS
Sale Includes: Building and Land
Avail Docs: Aerial; Survey
Avail Info: Copies of Lease; Existing Survey; Full Financials
Miscellaneous 2: Med Plumbing; Traffic Heavy
Flooring: Other
Cooling: Central Individual; Electric
Heating: Central Individual; Electric
Fire Protect: Smoke Alarm; Sprinkler
Tenant Pays: Cable; Electric; Sewer; Water
Utilities: Cable; Electric; Public Sewer; Public Water; Separate Meter; Septic
Roof: Comp Rolled
Terms Considered: Cash; Conventional
Lease: Gross Rent; Long Term
Possession: At Closing; Funding
Contingencies: Inspection
Supplements
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.

IDX
Listing Office: EXP Realty LLC

Last Updated: October - 02 - 2025

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.