1095 Broken Sound Pky - Office FOR SALE


Boca Raton, FL 33487- Downtown Boca Raton
$13,495,000 USD
954-824-0381
1095 Broken Sound Pky, Boca Raton, FL for Sale
$13,495,000 USD
Office - FOR SALE
1/16
null | 8.08% Cap Rate

1095 Broken Sound Pky
Boca Raton, FL 33487
Downtown Boca Raton


HIGHLIGHTS

  • Contemporary Class A office building with ample on-site enclosed parking, 24-hour security access, and high-end finishes in Boca Raton, Florida.
  • Strategically located 2 miles from Interstate 95 and Yamato Road, a primary north-south thoroughfare in Boca Raton to the greater Southeast region.
  • Sought-after acquisition for an owner/user or investor seeking to add upside via vacancy lease-ups in an attractive and growing submarket.
  • Beneficially supported by a highly educated workforce, as 59% of city residents obtain a Bachelor’s degree or higher, surpassing the national average.
  • Encompassed by an affluent community where the average household income within a 3-mile radius is over $117,600, boasting generous spending power.
  • Conveniently situated within 5 miles of household-named amenities such as Starbucks, Costco, Aldi, Walmart Supercenter, Target, McDonald’s, and more.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$13,495,000 USD

PRICE/SF

$225 USD /SF

CAP RATE

8.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

235

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

C

APN/PARCEL ID

06-42-47-01-03-008-0020

ASK ABOUT THIS PROPERTY

John DeMarcoRE/MAX 5 Star RealtyMore Info
954-824-0381

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John DeMarcoRE/MAX 5 Star RealtyMore Info
954-824-0381

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.