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Property Detail

Broken Sound Parkway Northwest
Contemporary Class A office building with ample on-site enclosed parking, 24-hour security access .
$13,950,000
Manufacturer: https://www.remax.com/

Description

  • Contemporary Class A office building with ample on-site enclosed parking, 24-hour security access, and high-end finishes in Boca Raton, Florida.
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  • Sought-after acquisition for an owner/user or investor seeking to add upside via vacancy lease-ups in an attractive and growing submarket.
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  • Encompassed by an affluent community where the average household income within a 3-mile radius is over $117,600, boasting generous spending power.
  • Strategically located 2 miles from Interstate 95 and Yamato Road, a primary north-south thoroughfare in Boca Raton to the greater Southeast region.
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  • Beneficially supported by a highly educated workforce, as 59% of city residents obtain a Bachelor’s degree or higher, surpassing the national average.
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  • Conveniently situated within 5 miles of household-named amenities such as Starbucks, Costco, Aldi, Walmart Supercenter, Target, McDonald’s, and more.

Executive Summary

Meticulously renovated Class A office building impressively situated over a two-level enclosed parking garage with prominent building signage in Boca Raton, Florida. This pristine, three-story building, standing at 60,050 square feet, features a sleek corporate build-out with 10,000 square feet of warehouse space.

Built in 2008 and then renewed in 2023 with $700,000 in common area renovations, 1095 Broken Sound Parkway presents a buyer with the opportunity to occupy office space as an owner/user or as an investor seeking to add value to a best-in-class investment opportunity. Additionally, the third floor has undergone a $1 million build-out, offering a prestigious space for businesses.

The property has five long-term tenants who provide stable income, making it an investment opportunity that can help a buyer offset operating costs. A new owner can either occupy the remaining 21,800-square-foot turnkey office suite for their own business or lease it to a new tenant at increasing market rents.

1095 Broken Sound Parkway is conveniently positioned a quick six-minute drive from the Interstate 95 and Yamato Road interchange. This premier location provides unparalleled connectivity along Boca Raton's major north-south corridor. The area's market demographics highlight a substantial average household income of more than $105,000 among a dense population of 257,868 residents. The asset is exceptionally supported by a highly skilled workforce, as 59% of Boca Raton city residents obtain a Bachelor’s degree or higher, greatly surpassing the national average of 34.3%.

1095 Broken Sound Parkway offers a sought-after combination of modernization, accessibility, and a desirable quality of life in Boca Raton. Preferably located less than a 4-mile drive from downtown, the property also offers closeness to nationally renowned amenities within a quick 5-mile radius. Tenants and visitors can appreciate being in optimal proximity of household-named retailers and eateries, including Target, Walmart Supercenter, Starbucks, Costco, Aldi, Panera Bread, Publix, McDonald’s, and many more.

Acquire this rare and refined medical office building intentionally designed with high-end finishes, optimum convenience, and a stabilized tenancy. 1095 Broken Sound Parkway is primed for a new owner seeking a top-tier asset extraordinarily positioned within a growing and thriving market.

1095 Broken Sound Pky

Listing ID : 00852

SKU: 852

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Price History

DateEventPrice
December 12 2024Listed$13,950,000.00