7000 W Palmetto Park Rd - Office/Residential FOR SALE
Boca Raton, FL 33433 |
7000 W Palmetto Park Rd
Boca Raton, FL 33433
HIGHLIGHTS
- At a high-traffic, signalized intersection in Boca Raton, offering exceptional visibility and long-term positioning in a supply-constrained market.
- With 93.2% occupancy and a tenant mix anchored by financial, medical, and national retail users, the property generates stable, diversified income.
- Approximately 25% of the tenancy consists of independent medical providers, delivering consistent traffic and recession-resistant cash flow.
- Surrounding demographics, featuring average household incomes over $150,000, support ongoing rent growth and tenant demand.
- Investors benefit from a ±2.25-acre development parcel with approvals in place for a 30,000-square-foot plaza and additional mixed-use potential.
- As part of the Powerline Portfolio, this asset offers scalability and portfolio-level value in one of South Florida’s most affluent corridors.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
City National Bank Plaza
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Office/Residential
ADD'L SUBTYPES
Bank, Fast Food, Storefront
TOTAL BUILDING SIZE
131945
STORIES
6
BUILDING CLASS
B
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
350
LAND DETAILS
LAND ACRES
7 AC AC
LAND SF
304,920 SF
ZONING
-
APN/PARCEL ID
00-42-47-28-01-021-0020
