PRESTIGIOUS ADDRESS IN FLORIDA
“The sought-after location and 12-year lease make this a lucrative project with stable and low-risk cash flow.
Daniel Vopat, Investment Analyst
Belcan
| Type: | Area: | Acquisition: |
|---|---|---|
| Office | 65,700 sq ft | August 2018 |
The first acquisition of ICP in the United States was the Belcan Property building, named after a single tenant: Belcan (founded in 1958, operating in 30 countries and employing over 9,000 people, with annual sales of about $ 1 billion). Thanks to a twelve-year lease, the project is even more attractive.
“The building is located in West Palm Beach County, Florida, about an hour’s drive north of Miami, which is a very sought-after location. The building was completely renovated before the acquisition, with the exception of the roof, which we completely replaced at the turn of 2020/ 2021,” describes Daniel Vopat.
The complete reconstruction ensured perfect technical conditions and above-standard parking options. You will find 540 parking spaces for a building with a usable area of approximately 65,000 sq ft. The land area is 7.1 acres.
