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

1095 NORTH WEST BROKEN SOUND PKWY NW, Boca Raton

$12,900,000 USD
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Address1095 NORTH WEST BROKEN SOUND PKWY NW, Boca Raton
Building NameARVIDA PARK OF COMMERCE
Type of PropertyOffice
Type of BusinessProfessional, Warehouse Space
Price$12,900,000
Previous Price$13,495,000 (109 days ago)
Property StatusActive
MLS NumberA11825626
Property Size28736
Lot Size28736
Year Built2008
Folio Number06424701030080020
Zoning InformationLIRP (CI
Days on Market285

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
StateFlorida
CityBoca Raton
CountyPalm Beach County
Zip Code33487
Address1095 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 Number06424701030080020
Tax Amount$211,573
Full Descriptions
Detailed DescriptionThe 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 Area28736
Lot Size28736
Total Acreage0.000
Zoning InformationLIRP (CI
Maximum Leasable Size28736
Year Built2008
Type of PropertyOffice
Type of BusinessProfessional, Warehouse Space
Building NameARVIDA PARK OF COMMERCE
Stories Number3
Street DirectionNorth West
Listed withRE/MAX 5 Star Realty