954-245-3474
1200 N Federal Hwy, Boca Raton, FL for Sale
Office/Residential - FOR SALE
1/34
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1200 N Federal Hwy
Boca Raton, FL 33432
Downtown Boca Raton


HIGHLIGHTS

  • Attractive, High-Quality Asset – Currently 84-percent occupied, the four-story, class A building includes over 137,000 square feet.
  • Mark-To-Market Opportunity – Currently, over 40 percent of the Property's rentable square footage is set to expire within the next four years.
  • Desirable Amenities – On a 5.3-acre parcel, the Property includes structured parking, a full-service café, and frontage along Federal Highway.
  • Excellent Location/Access – Close proximity and excellent access to Interstate 95, the Florida Turnpike and Brightline.
  • Limited Inventory – Rare opportunity to purchase a class A office building in East Boca Raton, about one mile from downtown center and Mizner Park.
  • Strong Demographics – Along with continuous population growth, the average household income within a 3-mile radius is over $122,000.

OVERVIEW

Institutional Property Advisors, acting as exclusive advisor on behalf of Owner, is pleased to present the opportunity to acquire the 100% fee simple interest in 1200 Corporate Place (the “Property”), a 137,021 square foot, four-story, class A, boutique office building located in Boca Raton, Florida. The Property is situated in the East Boca Raton submarket and provides immediate access to Boca Raton’s most sought after waterfront residential communities including The Sanctuary, Royal Palm Country Club, and The Golden Triangle. Situated on 5.3 acres at one of Boca Raton’s most highly visible intersections of Glades Road and Federal Highway (US-1), 1200 Corporate Place enjoys a daily car count of 50,000, providing tremendous exposure for its tenant base. Given its proximity to downtown, and only a half mile north of Mizner Park, tenants enjoy the amenities of a downtown office building without the expense of the downtown office rents, which are exceeding $75 per square foot. The Property is also in close proximity to the Brightline Station, Boca Raton Resort & Club, the Boca Raton Airport, Interstate 95 and dozens of high-end restaurants and shops. Constructed in 1984, 1200 Corporate Place underwent an extensive $2.5-million+ renovation in 2024, elevating the building’s status as a premier destination for businesses. The renovation included a total upgrade of the lobby, interior and exterior fountains, parking lot refurbishment and upgrades to landscaping. The Property boasts a two-story parking garage with 177 parking spaces and a total parking count of 443 spaces, of which 162 are covered. The Property is currently 84-percent leased with 40 percent of its rental square feet set to expire within the first 4 years of ownership, providing investors with a tremendous mark-to-market opportunity.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1200 Corporate Place

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

A

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.3 AC

LAND SF

230,868 SF

ZONING

PO & I, Boca Raton

APN/PARCEL ID

06-43-47-20-15-001-0040

ASK ABOUT THIS PROPERTY

Madison ChungMarcus & MillichapMore Info
954-245-3474

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Madison ChungMarcus & MillichapMore Info
954-245-3474

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