Location Summary

• Palm Beach County is the third largest county in the state of Florida and one of the largest in the United States. It has a combination of suburban communities and busy metro areas. Its economy is focused on luxury tourism, technological manufacturing, and agriculture. The Professional Golfers Association of America is located here and there are 160 world class golf courses in the county including PGA National in Palm Beach Gardens. Additionally, nearby, there is a Roger Dean Stadium where the Florida Marlins and St. Louis Cardinals have spring training. Scripps Florida Research Institute and Max Planck have also chosen to locate in Palm Beach Gardens as well as a campus of Florida State College. According to PBGFlorida.com, “ Palm Beach Gardens, FL, is a Signature City which celebrates quality of life by fostering an environment of excellence. With over 30% of land mass dedicated to green space, ,recreation programs tailored for residents of all ages, an award-winning Art in Public Places program and a pro-active business climate that embraces innovation...” Sunny Plaza’s tenants benefit from the excellent workforce which has been attracted to the beautiful lifestyle in Palm Beach Gardens.
• David Marulli of BHHS FL Realty and Carol Bernton of The Keyes Company have been retained as the Exclusive Agent for the marketing and sale of Sunny Plaza in Palm Beach Gardens, FL. Sunny Plaza is an opportunity to acquire a prime investment property at a strong cap rate in one of SE Florida’s upscale, growing cities with a strong mix of service oriented retail tenants. Over the past 4 years Sunny Plaza has benefited from over 250K of capital & tenant improvements. Just north of Northlake Blvd in Palm Beach Gardens, this one story neighborhood center is located across Military Trail from Northmill Plaza with such nationals as Home Goods and Brooklyn Water Bagel and regionally acclaimed Joseph’s Market. CVS is just to the south located at the NE corner of Military Trail and Northlake Blvd, as well as busy centers anchored by grocery chains, like the Winn-Dixie Center at the SE corner of Military Trail and Northlake Blvd and Gardens Town Square to the west at I-95 which is anchored by Publix. Just to the west of I-95 is Northlake Commons anchored by Home Depot, Ross, and Starbucks. Convenient to I-95, this busy center has lots of parking and is close to such fine residential communities as Horseshoe Acres, Steeplechase, Mirasol Country Club, Ballen Isles Country Club, and nationally acclaimed PGA National Golf Club. Sunny Plaza has strong vehicular exposure approximately 90,000 cars a day at Northlake Blvd at N Military Trail, a new TriRail Station for Palm Beach Gardens is being planned close by Alternate A1A. Loan to be assumed: Original loan amount of $5,025,000, current balance of $4,841,484.16; 4.79% fixed through maturity of 4/6/2027, 30 yr amortization, .5% assumption fee, no recourse. Loan is with Deutsche Bank and serviced by Rialto Capital Advisors. Seller agrees to Master Lease any Vacancy to 95% at $22.00 PSF Gross, for up to 12 months after closing or until 90% occupancy is achieved, whichever comes first.