University Park - St Lucie West · UNIVERSITY PARK is a Class “A”Commercial/Office project comprised of three buildings totaling 112,410±square feet in the Master-Planned St

UNIVERSITY PARK IN ST. LUCIE WEST

INVESTMENT OPPORTUNITY PRESENTED BY

THREE BUILDING COMMERCIAL/OFFICE COMPLEX FOR SALE

Thomas R. Gibson, Broker • 561.776.9300 • [email protected]

www.AssetSpecialists.com • www.PalmBeachOffice.com

3710 Buckeye Street • Suite 100 • Palm Beach Gardens • FL • 33410



www.AssetSpecialists.com

7.50% CAP RATE

THE OPPORTUNITY

University Park is strategically located within the master-planned

community of St. Lucie West in Port St. Lucie, Florida which was

recently recognized as the 4th fastest growing real estate market

in the USA. The subject property offers it’s tenants with excellent

access and visibility on a High Traffic Artery in St. Lucie County and is

part of a thriving development with convenient proximity to numerous

shopping, dining and entertainment options.

This property offers investors an opportunity to purchase a stabilized

commercial/office project with excellent cash flow, upside opportunity

through the leasing of remaining vacant suites, and increase rents as

existing leases mature and benefit from continued market rental rate

growth & demand projected throughout the market.

Campus Overview:

UNIVERSITY PARK is a Class “A” Commercial/Office project comprised of three buildings totaling 112,410± square feet in the Master-Planned

St. Lucie West Community in Port Saint Lucie, Florida. Offered at a stabilized occupancy rate, this property is leased by a variety of

commercial/office tenants including iVox Solutions, CareerSource, Technology Integration Group and the Army/Navy Recruiting Center. Ideally

located in the St. Lucie West master-planned community, this established area is strategically situated with immediate access to Interstate 95

with strong demographics to the north and south of the property.

Address580, 582, 584 NW University Boulevard

Port Saint Lucie, FL 34986

PCN 3325-600-0004-000-7

Zoning Description Commercial Service

Net Building Area ±112,410 Square Feet

S.F. of Building 1 ±33,300 Square Feet



Parcel Size ±11 Acres

Price $17,392,606.00

CAP Rate 7.50%

Upside Opportunity:

UNIVERSITY PARKPROPERTY FEATURES – THREE BUILDING COMMERCIAL/OFFICE COMPLEX

University Park Highlights:

• Three Class “A” Commercial/Office Buildings totaling ±112,410 Sq. Ft.

• Prime Location in the Master-Planned Community of St. Lucie West

• Well Maintained Building and Grounds

• Historically High Occupancy Rates

• Suites Feature 14’ – 16’ Clear Ceiling Heights

• Tilt-Wall Concrete Construction and Built to Hurricane Impact Standards

• High Parking Ratio of Approximately 5:1,000 Sq. Ft.

• Close Proximity & Easy Access to I-95 & Florida’s Turnpike

LOCATION OVERVIEW

Location Overview:University Park is located on the corner of NW University and Peacock

Boulevards directly across from Tradition Field. This facility is in the

heart of St. Lucie West, minutes away from shopping, banking,

restaurants and employment centers with easy access to I-95 and

Florida’s Turnpike.

Destinations Distance (Miles) Travel Time

Interstate 95 1 2 min

Florida’s Turnpike 5.6 10 mins

Downtown Stuart 17.2 20 mins

Vero Beach 24 35 mins

Palm Beach

International Airport 55 50 mins

Port St. Lucie Overview:With more than 174,000 residents, Port St. Lucie is Florida’s ninth

largest city by population. It occupies an area of 116 square miles in St.

Lucie County on Florida’s east coast, about 50 miles north of West

Palm Beach, half way between Miami and Orlando. Over the years, this

bustling community has transitioned from a residential bedroom

community to one of Florida’s fastest growing and dynamic cities.

St. Lucie West is a large 4,600-acre Planned Unit Development (PUD)

which surrounds St. Lucie West Boulevard east of I-95 in Port St. Lucie.

This community contains more than 6,000 families, 200 businesses and

employs over 7,500 people.

UNIVERSITY

PARK

AREA MAP

UNIVERSITYPARK

TO VERO BEACH (24 MILES)

TO TRADITION DRI (1.5 MILES) TO DOWNTOWN STUART (17 MILES)

ACCESS MAP

SITE PLAN

The City of Port St. Lucie:

The City of Port St. Lucie is proud to be a hometown where people

live, learn, work and celebrate all of l ife’s opportunities and dreams.

Port St. Lucie is home to many local amenities including Tradition

Field, where the New York Met’s hold their annual spring training, the

prestigious PGA Golf Club, St. James Golf Club, the US Navy SEAL’s

Museum and a Waterfront Downtown area where visitors and

residents enjoy shopping, dinning and entertainment.

With more than 174,000 residents, Port St. Lucie is Florida’s ninth

largest city by population. It occupies an area of 116 square miles in

St. Lucie County on Florida’s east coast, about 50 miles north of West

Palm Beach, half way between Miami and Orlando.

LOCAL NEIGHBORHOODS IN PORT ST. LUCIE

PGA Village:

PGA Village is a 3,000-acre master-planned development of regional

impact (DRI) in Port St. Lucie, Florida. The development is comprised

of 6,000 residential home sites, 150,000 square feet of retail space,

multiple award winning golf courses and 60,000 square feet of

ancillary golf-related facilities such as a clubhouse, dining and pro

shop.

St. Lucie West:

St. Lucie West is a recently developed 4,600-acre master-

planned development of regional impact (DRI). It is located in

the western portion of Port St. Lucie between Florida’s

Turnpike and I-95 in St. Lucie County. The entire

development is planned around a compatible mix of well-

buffered residential, educational, industrial, planned-

commercial and recreational areas. Today St. Lucie West is a

community containing more than 6,000 families and 200

businesses which employ over 7,500 people.

Tradition:

The Town of Tradition is a master-planned, mixed-use community located in the

heart of one of America’s fastest growing regions – Port St. Lucie, in St. Lucie

County – along Florida’s Treasure Coast. This unique community captures the

charm of America’s small towns of yesterday and combines that with the

amenities today’s home buyers expect. Tradition is poised to become one of the

nation’s most successful and prestigious master-planned communities which

includes more than 8,000 acres along a five-mile-long employment corridor,

featuring 18,000 planned new residences and 8,000,000 SF of planned

Commercial Space. This rapidly growing community is also home to a 600,000

SF Power Center anchored by Target, Torrey Pines Institute for Molecular

Studies, Charter School USA and a new state-of-the-art 300-bed hospital with the

first 90-bed phase being opened in December 2013.

ANCHOR TENANT PROFILES

iVox Solutions is an industry leader offering a fullrange of superior customer and technical supportservices for leading companies throughout theworld since 2003, with expertise in many marketsand verticals including call center functionalities,order fulfillment and overall logistics solutions.

The leadership team at iVox Solutions has over 100 years of industry experiencewhich brings forth a unique understanding of their clients' and an ability todevelop mutual partnerships required to maximize returns on investment. Thisability, coupled with enormous flexibilities that allow the organization to pioneerthe next generation of services throughout various market and industrysegments.

The organization is aggressively broadening its scope by forming alliances withtheir customers in the U.S. and abroad. iVox Solutions, LLC has expanded itsmarket share within the United States in addition to foreign countries.

CareerSource Florida is the statewide workforcepolicy and investment board. Their partners includethe Department of Economic Opportunity; 24 localworkforce development boards and 100 careercenters throughout Florida; and the Department of

Education and Vocational Rehabilitation. Collectively the company works directlyfor Florida employers to find, develop and keep qualified talent. At the sametime, CareerSource invests in programs to help them identify and cultivate ourstate’s talent pool so that prospective employees have the ready-to-go skills andexperience that businesses seek.

Technology Integration Group is a premier ISO9001:2008 certified IT systems integrator, TIG has30 years of experience providing customers withbest-in-class technology solutions.

A financially stable computing technology provider, TIG has remainedprofitable every year since the company’s founding in 1981. An award-winningCertified Minority Enterprise, certified Small Business, and a Corporate Plus®member of the National Minority Supplier Development Council (NMSDC), TIGis a leading diversity supplier to organizations nationwide. In addition to thecompany’s headquarters in San Diego, TIG has offices located in Albuquerque,Atlanta, Boise, Boulder, Denver, Detroit, Honolulu, Indianapolis, Irvine, LasVegas, Los Angeles, Philadelphia, Richmond, Sacramento, San Antonio, SanFrancisco Bay area, Seattle, Tampa, Port St. Lucie and Shanghai, China.

REALTORS of St. Lucie County (RSLC), is a division ofthe Realtors Association of the Palm Beaches(RAPB) and consists of over 1,800 REALTOR andAffiliate members.

The Realtors Association of the Palm Beaches was established as a means ofbusiness resources for Real Estate Agents servicing Palm Beach and St. LucieCounties. The core purpose of the RAPB is to enhance its members’ ability andopportunity to conduct their real estate businesses professionally, ethically,successfully and profitably.

ADDITIONAL PHOTOS

LIMITED CONDITIONS

The material contained in this Offering Memorandum is confidential, furnished solely for the purpose of considering the purchase of the

Property described herein (the “Property”) and is not to be used for any other purpose or made available to any other person without the

express written consent of the owner (the “Owner”). This Offering Memorandum contains selected information pertaining to the Property

and does not purport to be all-inclusive or to contain all of the information which prospective purchasers may desire. The material in this

Offering Memorandum has been compiled by Asset Specialists, Inc. from sources considered reliable and has not been independently

verified by Asset Specialists, Inc. Summaries contained herein of any legal documents are not intended to be comprehensive

statements of the terms of such documents but rather only outlines of some of the principal provisions contained therein. Qualified

prospective purchasers should review all legal documents, which are available either from Asset Specialists, Inc. or from independent

sources, and make and rely based upon their own conclusions. Additional information and an opportunity to inspect the Property will be

made available to interested and qualified prospective purchasers. Neither the Owner, nor any individuals or entities associated with the

Owner make any representations or warranties, express or implied, as to the accuracy or completeness of the information contained

herein. All information, including but not limited to pricing, entitlement, access, market conditions, suitability, Property conditions and

surrounding Property conditions, is subject to change at any time, without notice, and may require developmental and regulatory

approval. No reliance shall be placed on the information contained herein, and any recipient of this Offering Memorandum should

conduct its own separate, independent verification and due diligence concerning any and all information contained herein. This Offering

Memorandum is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a

recommendation, endorsement, or advice as to the value of the Property. Each prospective purchaser is to rely solely upon its own

investigation, evaluation and judgment as to the advisability of purchasing the Property described herein. No liability is assumed by and

none shall be asserted against Asset Specialists, Inc. nor any of their respective officers, agents or employees on account of any

statements, descriptions or information, or projections or estimates, contained herein or omitted here from. The Owner reserves the

right, at its sole discretion, to reject any or all offers to acquire the Property and/or to terminate discussions with any prospective

purchaser, at any time, for any reason whatsoever, with or without notice. The Owner expressly reserves the right to sell the Property to

any party on any basis, at any price and terms it so elects, at the sole and absolute discretion of Owner. In addition, the Owner

expressly reserves the right, at its sole discretion, to withdraw, supplement, change, amend, bifurcate, or reduce the Offering

Memorandum and/or the Property. The Owner shall not be bound to sell the Property to any party until a mutually agreed upon contract

of sale is executed by and delivered to all parties.



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University Park - St Lucie West · UNIVERSITY PARK is a Class “A”Commercial/Office project comprised of three buildings totaling 112,410±square feet in the Master-Planned St