8000 N Federal Hwy - Medical FOR SALE


Boca Raton, FL 33487- Downtown Boca Raton
$9,499,000 USD
8000 N Federal Hwy, Boca Raton, FL for Sale
$9,499,000 USD
Medical - FOR SALE
1/34
null | 6.42% Cap Rate

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


HIGHLIGHTS

  • Amazing Location

OVERVIEW

Rare Opportunity To Purchase an A+ Asset in the Heart of Boca Raton Vera Realty Commercial is pleased to offer for sale 8000 North Federal Highway, a 26,655 SF premier office building located in Boca Raton’s high-growth Northeast commercial corridor. The property provides a beautiful and professional setting with ample parking, including covered parking spaces and an excess 0.2-acre pad for overflow parking, additional structures, or additional rental revenues. Situated directly on US-1 (Federal Hwy), the property offers unmatched visibility and fantastic accessibility to capture all traffic flowing between Boca Raton and Delray Beach. The property provides direct access to numerous retailers, high housing density, and prominent amenities. The property is further enhanced by more than $200,000 of recent capital improvements and new development occurring on neighboring parcels. The property is currently 97% leased. The diverse tenant mix provides credit risk mitigation, while staggered lease expirations allow for tremendous upside with the migration of tenants to net lease structures at market rents. A buyer may also achieve vastly increased value via efficient management and identifying additional profit centers from the excess 0.2-acre parcel, rooftop revenues, telecom charges, and signage income. Historically, the property maintains high occupancy, but demand in the building has skyrocketed over recent months, yielding record-high rental rates on new leases. Current ownership is dissolving its partnership, opening the opportunity for an investor to capitalize on Boca Raton’s unprecedented growth and surge in demand for high-end suburban office space.

FOR SALE DETAILS

PRICE

$9,499,000 USD

PRICE/SF

$356 USD /SF

CAP RATE

6.42%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

78

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

Nick PolyushkinVera RealtyMore Info

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Nick PolyushkinVera RealtyMore Info

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