Riviera Beach, FL
CBRE Announces $9 Million Sale of Small-Bay Warehouse in Riviera Beach
June 30, 2025
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CBRE has arranged the $9 million sale of a 38,661-sq.-ft. warehouse in Riviera Beach.
Tyler Kuhlman with CBRE Capital Markets in Boca Raton represented the buyer, a private investor, and seller, FP Riviera, LLC, in the transaction.
Located at 6461 Garden Road, the small-bay warehouse is 90% leased to 16 tenants that are essential to the local economy and serve the surrounding community. It features market-driven design specifications including 18-foot clear heights, grade-level loading, twin-T roof construction, and ample parking.
“This sale highlights the ongoing demand for small-bay industrial space across South Florida and Palm Beach County in particular,” said Kuhlman, a First Vice President with CBRE. “The buyer will capitalize on the property’s advantageous lease terms and existing vacancies moving forward.”
The Palm Beach County industrial market has begun to normalize following several years of above-average activity, according to CBRE Research. The Riviera Beach submarket saw the higher net absorption than the broader Palm Beach County market at 46,396 sq. ft in the first quarter of 2025. The submarket’s average asking lease rate rose quarter over quarter to $19.39.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.