Industrial Property for Sale in West Palm Beach, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: West Palm Beach, FL 33409
  • Year built: 1989

Description

Marcus & Millichap is pleased to present the Landmark Small-Bay Auto Center, a 43,125 square foot, 100% occupied automotive service and small-bay industrial property situated on approximately 4.2 acres in West Palm Beach, Florida. The Property consists of 12 tenants across four separate buildings, with suite sizes ranging from approximately 1,700 to 7,300 square feet, offering a diverse mix of flexible small-bay spaces well suited for automotive and service-oriented tenants. Approximately two-thirds of the tenancy is comprised of automotive users, complemented by a mix of traditional small-bay industrial tenants and a fitness operator. The tenant roster includes Mission Foods, a subsidiary of Gruma (S&P: BBB+), providing additional credit strength within the rent roll. The Property benefits from prominent monument signage and strong frontage along N Military Trail, a major north-south corridor, and is located directly adjacent to Keiser University. The site also offers convenient regional access to I-95 and Okeechobee Boulevard. Landmark Small-Bay Auto Center is positioned within a highly trafficked commercial corridor surrounded by retail, service, and automotive uses, creating strong customer exposure and accessibility for tenants. The surrounding area benefits from a growing residential population and strong daytime traffic that supports continued demand for service-oriented businesses. West Palm Beach has experienced significant economic and population growth in recent years, emerging as “Wall Street South” as major financial institutions, hedge funds, and investment firms relocate from New York and other global markets. This migration of capital and talent continues to drive demand for commercial space and strengthen the broader Palm Beach County economy. Small-bay industrial and automotive service properties remain one of the most supply-constrained product types in South Florida, benefiting from strong tenant demand and limited new development. Additionally,

Market Context

This industrial in West Palm Beach, FL is listed for sale. The building dates to 1989. It has been on the market for 68 days. Compare it against other industrial listings for sale in West Palm Beach, FL — <a href="/search/sale/industrial/florida/west-palm-beach">view the full market</a>.

As of Q1 2026, the Palm Beach industrial market showed a 8.1% vacancy rate, average asking rents near $13.39/SF/yr, and cap rates around 6.7%. Source: Consensus Q1 2026 market report.

Industrial market FAQ

What is the typical cap rate for industrial in Palm Beach?
About 6.7% as of Q1 2026, per Consensus.
Is the Palm Beach industrial market tightening or softening?
Vacancy is around 8.1% (Q1 2026).

Unified Estimate

Medium Confidence

$180.49/SF – $244.19/SF

Mid: $212.34/SF

Rate estimator only; cost-of-business estimate unavailable.

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