$12,700,000
Boca Raton, FL 33487
MLS# A11825626
Status: Closed
60050 sqft
1 / 53
Property Description
The property consists of a 60,050 SF Class A, three-story office building with 58,786 SF of leasable space and a two-level parking garage. An owner-user has the opportunity to immediately occupy a fully built-out 15,273 SF office suite, while seven long-term tenants provide strong in-place income to offset ownership costs. The property offers a 5.2% in-place cap rate with the potential to achieve an approximately 9.5% pro forma cap rate once 100% occupied. Over $1.7mil in recent renovations and high-end corporate build-out, this property presents a rare combination of turnkey owner-user occupancy and investment upside with no deferred maintenance.
Details
Contract Information
Comp Sale YN: No
Listing Date: 2025-06-19
Status: Closed
Original List Price: 13495000
Sold Price: $12,700,000
Current Price: $12,700,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Boca Raton
Postal Code: 33487
Geographic Area: PB02
Subdivision Number: 3
Flood Zone: X
Country: United States
Street Number: 1095
Street Direction Prefix: NW
Street Name: Broken Sound
Street Suffix: Parkway
Street Direction Suffix: NW
State Or Province: FL
Postal Code +4: 3501
Area: 4390
Parcel Number: 06424701030080020
Zoning: LIRP (ci
General Property Information
Number Of Buildings: 1
Occupant Type: Tenant
Lot Size Area: 28736
Property Sub Type: Office
Building Area Main: 60050
Year Built: 2008
Lot Size Acres: 0.66
Office/Member Information
DXORIGMLSID: SEF
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2026-04-06T04:00:00Z
Major Change Type: Status Change
Price Change Timestamp: 2025-12-12T20:06:28Z
Status Change Date: 2026-04-08
Under Contract Date: 2026-03-25
Close Date: 2026-04-06
Close Price: 12700000
Structure Type
Warehouse: 1
Business Type
Professional Service: 1
Showing Requirements
Appointment Only: 1
Contingencies
None: 1
Buyer Details
Intended Use: Unknown/Withheld
Concessions
Seller Concessions: No
Section Details
Parcel Number MLX: 0020
Financial Information
Tax Annual Amount: 211573
Tax Legal Description: ARVIDA PARK OF COMMERCE PLAT 2 N 217.50 FT OF S 336.58 FT OF E 131.21 FT OF W 166.21 FT & N 4.64 FT OF S 119.08 FT OF E 33.46 FT OF W 124.81
Originating Details
Originating System Key: 416917459
Originating System ID: M00000151
Property Features
Business Type: Professional Service
Structure Type: Warehouse
Showing Requirements: Appointment Only
Contingencies: None
Listing Office: RE/MAX 5 Star Realty
Last Updated: April - 08 - 2026
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