Meticulously renovated Class A office building impressively situated over a two-level enclosed parking garage with prominent building signage in Boca Raton, Florida. This pristine, three-story building, standing at 60,050 square feet, features a sleek corporate build-out with 10,000 square feet of warehouse space.
Built in 2008 and then renewed in 2023 with $1,700,000 in common area renovations and in high-end corporate buildout on the third floor, 1095 Broken Sound Parkway presents a buyer with the opportunity to occupy office space as an owner/user or as an investor seeking to add value to a best-in-class investment opportunity.
The property has six long-term tenants who provide stable income, making it an investment opportunity that can help a buyer offset operating costs. The third floor is presently occupied by the Seller, who is prepared to either vacate the premises at closing—thereby making the space available for an owner-user—or remain in place and guarantee rental payments through December 31, 2025. This flexibility provides an investor with sufficient time to secure a replacement tenant.
The property currently generates a gross annual income of $1,425,462.36 and nets $1,080,378, representing a strong 8.0% capitalization rate based on the full asking price. Supporting documents, including the rent roll, profit and loss statement, and recent comparable leases in the area, are enclosed for reference. Upon leasing the vacant warehouse space, projected annual net income will increase to $1,226,606, resulting in an enhanced capitalization rate of approximately 9.0%.
1095 Broken Sound Parkway is conveniently positioned a quick six-minute drive from the Interstate 95 and Yamato Road interchange. This premier location provides unparalleled connectivity along Boca Raton's major north-south corridor. The area's market demographics highlight a substantial average household income of more than $105,000 among a dense population of 257,868 residents. The asset is exceptionally supported by a highly skilled workforce, as 59% of Boca Raton city residents obtain a Bachelor’s degree or higher, greatly surpassing the national average of 34.3%.
This property is priced to sell at only $224 per SF. Recent comparable Class-A properties sell on average $366 per SF, with some as high as of $554 per SF. This makes 1095 NW Broken Sound the lowest price per square foot for its asset class in Palm Beach County.
1095 Broken Sound Parkway offers a sought-after combination of modernization, accessibility, and a desirable quality of life in Boca Raton. Preferably located less than a 4-mile drive from downtown, the property also offers closeness to nationally renowned amenities within a quick 5-mile radius. Tenants and visitors can appreciate being in optimal proximity of household-named retailers and eateries, including Target, Walmart Supercenter, Starbucks, Costco, Aldi, Panera Bread, Publix, McDonald’s, and many more.
Acquire this rare and refined medical office building intentionally designed with high-end finishes, optimum convenience, and a stabilized tenancy. 1095 Broken Sound Parkway is primed for a new owner seeking a top-tier asset extraordinarily positioned within a growing and thriving market.