561-685-0140
8000 N Federal Hwy, Boca Raton, FL for Sale
Medical - FOR SALE
1/16
null | Request Cap Rate

8000 N Federal Hwy
Boca Raton, FL 33487
Downtown Boca Raton


HIGHLIGHTS

  • High Visibility
  • Convenient Access
  • Revenue Growth Potential
  • Strong Cash Flow

OVERVIEW

CBRE, Inc., as exclusive agent for the Owner, is pleased to offer for sale 8000 Federal (the “Property” or “Building”) in Boca Raton, Florida. This recently renovated, boutique professional office building totals 25,125 square feet, sits on a 1.13-acre site, and is currently 99% leased. Located in one of the country’s most affluent and desirable submarkets, the asset benefits from strong local demand and exceptional market positioning. In addition to base rent, the Property generates supplemental income from a cellular tower and exterior building signage. The diverse tenant roster mitigates credit risk, and staggered lease expirations create meaningful upside as leases come due and can be repriced toward current market rates. Buyers can pursue further value creation through ancillary profit centers, such as expanding virtual office offerings, to enhance NOI. Despite stabilized occupancy, the Offering presents compelling upside: current inplace rents are approximately 30% below prevailing market levels in the submarket, and our underwritten market rents remain meaningfully below the competitive set, allowing new ownership to increase rents while preserving the Property’s valuealternative positioning. Built in 1984 and located at 8000 N. Federal Hwy (US 1), the Property enjoys direct exposure on Boca Raton’s primary north–south corridor with immediate access to I-95, Downtown Boca Raton, and the Florida Turnpike. It is minutes from premier waterfront communities in East Boca such as Boca Harbour, Bel Marra and The Sanctuary, where home values range from roughly $3.5M to well over $25M. The submarket’s abundant recreational amenities (top-rated golf courses, marinas, bike trails and country clubs) and a concentration of high net worth residents support tenant demand from executive and professional users. With significant barriers to new office development in Boca Raton, particularly in the East Boca micro market, 8000 Federal offers a rare opportunity to acquire a cash generating, renovated boutique office asset in a highly coveted submarket with limited near term competition. The property delivers immediate income and clear, actionable value add pathways at an attractive discount to replacement cost.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

106

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

R-B-1/B4

APN/PARCEL ID

06-43-46-32-12-009-0090

ASK ABOUT THIS PROPERTY

561-685-0140

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561-685-0140

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