Innovation Center at 555 Heritage — Sale in Jupiter, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Jupiter, FL 33458
  • Year built: 2003

Photos

Innovation Center at 555 Heritage — Sale in Jupiter, FL, photo 1 of 5
Innovation Center at 555 Heritage — Sale in Jupiter, FL, photo 2 of 5
Innovation Center at 555 Heritage — Sale in Jupiter, FL, photo 3 of 5
Innovation Center at 555 Heritage — Sale in Jupiter, FL, photo 4 of 5
Innovation Center at 555 Heritage — Sale in Jupiter, FL, photo 5 of 5

Investment Figures

Cap rate
8.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the Innovation Center at 555 Heritage, a 44,855-square-foot, institutional-quality office and life sciences asset located in Jupiter, Florida. The Property is situated on 3.2 acres at the signalized intersection of Military Trail and Heritage Drive, just south of Donald Ross Road, within one of Northern Palm Beach County’s most established commercial corridors. The Property is currently about 97.5-percent occupied and generates $960,000 of in-place Net Operating Income. The tenant roster consists primarily of life science, diagnostics, pharmacy, biotech, and professional service users - sectors supported by durable demographic trends and institutional research infrastructure in the immediate area. The staggered lease expiration profile provides income stability while preserving the ability to capture future mark-to-market opportunities in a tightening submarket. Notably, 555 Heritage is located approximately one mile from Scripps Research and the Max Planck Florida Institute for Neuroscience, both situated on the FAU Jupiter Campus and affiliated with the University of Florida. These globally recognized research institutions have established Jupiter as one of Florida’s most concentrated life sciences clusters, attracting high-level scientific talent, research funding, and commercialization initiatives to the region. Their proximity reinforces tenant demand and helps explain the sustained occupancy and performance of 555 Heritage. Innovation Center at 555 Heritage offers investors the opportunity to acquire a stabilized asset with strong in-place cash flow, embedded rental growth, and exposure to one of South Florida’s most supply constrained suburban office and life sciences submarkets. Investment Highlights: • STABILIZED IN-PLACE INCOME: The Property generates $960,000 of current NOI with projected growth supported by contractual rent escalations and lease rollover. • INSTITUTIONALLY ANCHORED LIFE SCIENCES LOCATION: Located

Market Context

This office in Jupiter, FL is listed for sale. It is offered at an approximate 8.5% capitalization rate, a key benchmark for income-producing office assets. The building dates to 2003. Compare it against other office listings for sale in Jupiter, FL — view the full market.

Estimated Price per SF

$192.79/SF – $1,402/SF

Mid: $584.20/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

Contact

Explore this market

Similar Office for Sale in Florida