561-302-2511
21020 State Road 7, Boca Raton, FL for Sale
Medical - FOR SALE
1/27
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21020 State Road 7
Boca Raton, FL 33428
West Boca Raton


HIGHLIGHTS

  • Stable Cash Flows with High-Quality Tenants.
  • Operational Efficiency Opportunities.
  • Development Potential.

OVERVIEW

On behalf of ownership, the Colliers | South Florida Investment Services Team, as the exclusive agent, is pleased to present for sale the Boca West Medical Plaza (the “Property”) located at 21020 State Road 7 in Boca Raton, FL. The ±31,138 square foot medical office building sits on 5.29 acres of land near the southeast corner of State Road 7 and Glades Road, less than a mile north of West Boca Medical Center. The Property’s close proximity to numerous retail, dining, and residential developments creates a convenient environment for both tenants and their patients. Boca West Medical Plaza is fully leased to two high-quality tenants, GenesisCare and Skin and Cancer Associates. This strong tenancy ensures a steady and reliable income stream, positioning the asset as a compelling investment opportunity in one of Boca Raton’s most sought-after submarkets. Along with stable cash flows, the Property presents significant upside potential for investors. Furthermore, Boca West Medical Plaza provides an exciting development opportunity, with plans already in place to construct an additional 9,080 square feet of medical office space on the eastern portion of the property. This expansion has the potential to generate additional revenue while enhancing the asset’s overall value and appeal to prospective tenants in the thriving medical office market. This combination of stable cash flows, below-market rents, and development potential represents a rare opportunity to acquire a high-performing medical office asset in a premier South Florida location.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Boca West Medical Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

152

LAND DETAILS

LAND ACRES

5.29 AC

LAND SF

230,432 SF

ZONING

CS

APN/PARCEL ID

00-42-47-19-28-001-0000

ASK ABOUT THIS PROPERTY

Mark RubinColliersMore Info
561-302-2511

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Mark RubinColliersMore Info
561-302-2511

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