851 Broken Sound Pky NW - Office FOR SALE


Boca Raton, FL 33487- Downtown Boca Raton
$16,500,000 USD
561-302-2511
851 Broken Sound Pky NW, Boca Raton, FL for Sale
$16,500,000 USD
Office - FOR SALE
1/23
null | Request Cap Rate

851 Broken Sound Pky NW
Boca Raton, FL 33487
Downtown Boca Raton


HIGHLIGHTS

  • Boutique Office in Premier Boca Raton Location 
  • Value-Add Lease-Up Potential
  • Operational Upside Through Lease Restructuring
  • Modern Renovations & Amenities

OVERVIEW

On behalf of ownership, the Colliers | South Florida Investment Services Team, as the exclusive agent, is pleased to present for sale the Courtyard at Broken Sound (the “Property”), a ±59,212 square foot Class A office property located at 851 NW Broken Sound Parkway in Boca Raton, FL. Built in 1987 and recently renovated, the Property sits on ±5 acres of land strategically located in the prestigious Park at Broken Sound.  The Property offers modern, innovative office spaces featuring sleek, open common areas designed to foster collaboration and productivity in a calming, zen-inspired atmosphere. With cutting-edge amenities and a contemporary aesthetic, Courtyard provides an elevated workspace environment ideal for professionals seeking a high-quality, forward-thinking office setting.  Currently 74% leased, the Property offers immediate upside potential through lease-up and lease restructuring initiatives. The Property features a mix of small suites with below market rents and a short weighted average lease term, allowing for near-term rental rate increases that can drive value growth. Additionally, there is a significant opportunity to convert existing gross leases to NNN structures, enhancing net operating income by transferring expense obligations to tenants.   Tenant and visitor convenience is supported by ample parking and immediate access to I-95, positioning Courtyard at Broken Sound as a highly accessible and attractive office destination in Boca Raton’s competitive market. The Property presents a unique opportunity for investors looking for robust cash flow with significant upside and a highly sought after location within the Park at Broken Sound.

FOR SALE DETAILS

PRICE

$16,500,000 USD

PRICE/SF

$275 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Courtyard at Broken Sound

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

211

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

LIRP

APN/PARCEL ID

06-42-47-01-06-019-0000

ASK ABOUT THIS PROPERTY

Mark RubinColliersMore Info
561-302-2511

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Mark RubinColliersMore Info
561-302-2511

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.