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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.
- 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