Marcus & Millichap's Institutional Property Advisors is pleased to present Bank of America Plaza, a 59,667-square-foot Class A office asset located at 2000 Glades Road in Boca Raton, Florida. Situated on a 4.7-acre site with prominent frontage along Glades Road, the property is positioned within a supply-constrained Boca Raton office submarket that continues to attract financial, professional, and corporate users.
Anchored by Bank of America, the property is supported by a diversified roster of professional and corporate tenants. Bank of America Plaza is currently 74.4% occupied and generates an in-place net operating income (NOI) of $1,626,000, providing stable cash flow with the opportunity to increase income through the lease-up of existing vacancy. Pro forma NOI is projected to reach over $2.1 million by Year 3, reflecting contractual rent growth and absorption assumptions outlined in the financial projections.
Bank of America Plaza benefits from its central location along one of Boca Raton’s primary commercial corridors, with convenient access to Interstate 95, Florida’s Turnpike, and Military Trail. 2000 Glades Road is located near Florida Atlantic University, Town Center at Boca Raton, and the Boca Raton Brightline Station, supporting long-term office demand within the submarket.