21301 Powerline Rd - Medical FOR SALE
Boca Raton, FL 33433 |
21301 Powerline Rd
Boca Raton, FL 33433
HIGHLIGHTS
- Along Boca Raton’s high-traffic Powerline Road corridor, offering visibility, access, and long-term positioning in a high-barrier-to-entry market.
- Currently 80.5% leased to a balanced mix of national and regional tenants, delivering stable, income-producing performance with upside potential.
- Approximately 38% of the property is leased to independent medical practices, generating steady daily traffic and durable, recession-resistant income.
- Surrounded by affluent residential neighborhoods with average household incomes exceeding $150,000, supporting long-term tenant demand.
- Proximity to major employment centers, healthcare facilities, and educational institutions enhances daily foot traffic and user convenience.
- Part of the Powerline Portfolio, a rare opportunity to acquire scale through four premier mixed-use assets totaling over 510,000 square feet.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Grove Centre
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
61530
STORIES
3
BUILDING CLASS
B
YEAR BUILT
1983
SPRINKLERS
-
PARKING SPACES
268
LAND DETAILS
LAND ACRES
3.08 AC AC
LAND SF
134,314 SF
ZONING
-
APN/PARCEL ID
00-42-47-22-46-001-0000
