45th Street Industrial Park — Sale in West Palm Beach, FL
- Price: Contact for price
- Listing type: For sale
- Asset type: Industrial Property
- Location: West Palm Beach, FL 33407
- Size: 546,227 SF
Photos
Description
JLL has been exclusively retained to market for sale 45th Street Industrial Park, a rare ±68-acre infill commercial site in West Palm Beach, Florida. The low coverage site previously served as the statewide fulfillment hub for Costco Wholesale and is currently improved with a 366K SF cross-dock warehouse, which includes 151K SF of cold storage. The Property represents one of the most significant large-format commercially zoned sites remaining in South Florida and can accommodate a range of strategic alternatives, including development of over 2.2M SF. A new owner can also reposition and re-tenant the existing transload building for modern logistics operations or leverage the site’s proven infrastructure and highway access to accommodate immediate tenant demand. Strategically positioned within Palm Beach County’s established industrial corridor, the Property features 1,800’ of frontage on Florida’s Turnpike and direct access to I-95 - the region’s primary transportation arteries - with Palm Beach International Airport (9 miles) and Port of Palm Beach (6 miles) providing tenants with access to air cargo, ocean freight, and over-the-road distribution networks. 45TH STREET INDUSTRIAL PARK REPRESENTS AN EXCEPTIONAL OPPORTUNITY TO ACQUIRE AND CAPITALIZE ON AN INFILL INDUSTRIAL ASSET OF SCALE WITHIN ONE OF THE NATION’S MOST SUPPLY-CONSTRAINED COASTAL GATEWAY MARKETS. THE COMBINATION OF SUPERIOR MULTIMODAL CONNECTIVITY, SUBSTANTIAL SITE SCALE, FAVORABLE ZONING, AND LIMITED COMPETITIVE SUPPLY POSITIONS THE PARK TO CAPTURE PREMIUM RENTAL RATES WHILE ADDRESSING SIGNIFICANT UNMET TENANT DEMAND IN ONE OF THE NATION’S MOST DYNAMIC INDUSTRIAL CORRIDORS.
Market Context
This industrial in West Palm Beach, FL is listed for sale across 546,227 SF. Compare it against other industrial listings for sale in West Palm Beach, FL — view the full market.
As of Q1 2026, the Palm Beach industrial market showed an 8.1% vacancy rate, and average asking rents near $13.63/SF/yr. Source: multiple brokerage reports, Q1 2026.
Industrial market FAQ
- Is the Palm Beach industrial market tightening or softening?
- Vacancy is around 8.1% (Q1 2026).
Estimated Price per SF
$113.84/SF – $827.93/SF
Mid: $344.97/SF
Estimated price for 546,227 SF: $188,431,928 (range $62,182,482 – $452,237,720)
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- Luis Castillo · 3054955969 · luisr.castillo@jll.com
- Cody Brais · 3057333651 · cody.brais@jll.com
- Taylor Osborne · 6503508612 · mia.gian@jll.com
Explore this market
Similar Industrial Property for Sale in West Palm Beach, FL
- Industrial in West Palm Beach, FL — Contact for price · West Palm Beach, FL