1095 NORTH WEST BROKEN SOUND PKWY NW, Boca Raton
$12,900,000 USD
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| Address | 1095 NORTH WEST BROKEN SOUND PKWY NW, Boca Raton |
| Building Name | ARVIDA PARK OF COMMERCE |
| Type of Property | Office |
| Type of Business | Professional, Warehouse Space |
| Price | $12,900,000 |
| Previous Price | $13,495,000 (109 days ago) |
| Property Status | Active |
| MLS Number | A11825626 |
| Property Size | 28736 |
| Lot Size | 28736 |
| Year Built | 2008 |
| Folio Number | 06424701030080020 |
| Zoning Information | LIRP (CI |
| Days on Market | 285 |
Detailed Description: The property consists of a 60,050 sq.ft Class A, three-story office building with 58,786 sq.ft of leasable space and a two-level parking garage. An owner-user has the opportunity to immediately occupy a fully built-out 15,273 sq.ft office suite, while seven long-term tenants provide strong in-place income to offset ownership costs. The property offers a 5.2% in-place cap rate with the potential to achieve an approximately 9.5% pro forma cap rate once 100% occupied. Over $1.7mil in recent renovations and high-end corporate build-out, this property presents a rare combination of turnkey owner-user occupancy and investment upside with no deferred maintenance.
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Address Information
| State | Florida |
| City | Boca Raton |
| County | Palm Beach County |
| Zip Code | 33487 |
| Address | 1095 NORTH WEST BROKEN SOUND PKWY NW |
| Zip Code (4 Digits) | 3501 |
Financial Information
| Price | $12,900,000 |
| Price per Foot | $0 |
| Previous Price | $13,495,000 |
| Folio Number | 06424701030080020 |
| Tax Amount | $211,573 |
Full Descriptions
| Detailed Description | The property consists of a 60,050 sq.ft Class A, three-story office building with 58,786 sq.ft of leasable space and a two-level parking garage. An owner-user has the opportunity to immediately occupy a fully built-out 15,273 sq.ft office suite, while seven long-term tenants provide strong in-place income to offset ownership costs. The property offers a 5.2% in-place cap rate with the potential to achieve an approximately 9.5% pro forma cap rate once 100% occupied. Over $1.7mil in recent renovations and high-end corporate build-out, this property presents a rare combination of turnkey owner-user occupancy and investment upside with no deferred maintenance. |
Property parameters
| Living Area | 28736 |
| Lot Size | 28736 |
| Total Acreage | 0.000 |
| Zoning Information | LIRP (CI |
| Maximum Leasable Size | 28736 |
| Year Built | 2008 |
| Type of Property | Office |
| Type of Business | Professional, Warehouse Space |
| Building Name | ARVIDA PARK OF COMMERCE |
| Stories Number | 3 |
| Street Direction | North West |
| Listed with | RE/MAX 5 Star Realty |