2000 Glades Rd - Office FOR SALE
Boca Raton, FL 33431 |
2000 Glades Rd
Boca Raton, FL 33431
HIGHLIGHTS
- Institutional-Scale Office Asset: The property comprises 59,667 rentable square feet, offering scale that is rarely available in Boca Raton’s market.
- Credit-Tenant Anchor: Anchored by Bank of America, the rent roll benefits from stable national credit tenancy.
- Value-Add Lease-Up Opportunity: Current occupancy of 74.4% gives investors the ability to drive NOI growth through vacancy absorption.
- Expense Recovery Structure: Leases are primarily structured on an NNN basis, allowing for recovery of operating expenses.
- Attractive Parking Ratio: The property features 245 surface parking spaces, equating to a favorable 4.1 spaces per 1,000 square feet.
- Limited New Supply: Boca Raton benefits from restrictive zoning and limited land availability, supporting long-term occupancy and rent growth.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Bank of America Plaza
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
59667
STORIES
4
BUILDING CLASS
B
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
252
LAND DETAILS
LAND ACRES
5 AC AC
LAND SF
217,800 SF
ZONING
-
APN/PARCEL ID
06-42-47-14-00-000-5070
