Bought with Investments, Ltd.
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7300 N Federal HWY Boca Raton, FL 33487
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Key Details
Sold Price $2,050,000
Property Type Other Types
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 11,450 sqft
Price per Sqft $179
Subdivision Boca Bay Executive Bldg Condo
MLS Listing ID RX-10114338
Sold Date 07/31/15
Construction Status Resale
Abv Grd Liv Area 2
Year Built 1984
Annual Tax Amount $33,609
Tax Year 2014
Lot Size 0.660 Acres
Property Description
The property is a very well maintained and well located two story, 11,445 square foot, Class ''B'' freestanding professional / medical office building comprised of eight individual condominium units, The Property also includes a 2,100 pound capacity elevator with a full-glass window. All offices are nicely built out and directly accessible from the outside making all square footage onsite rentable space. Located on a signalized corner intersection on US1 in East Boca Raton, Florida. The building was constructed in 1984 and sits on approximately 0.66 acres. The property is currently 100% occupied with a 6.4% CAP rate with upside potential to over an 8% CAP.
Location
State FL
County Palm Beach
Area 4240
Zoning RB1 Commercial
Interior
Heating Central
Cooling Central
Flooring Carpet, Ceramic Tile, Other, Wood Floor
Fireplaces Type None
Exterior
Community Features Presently Leased
Utilities Available 220, Cable, Public Water
Waterfront No
Roof Type Comp Rolled,Concrete Tile,Other
Present Use Presently Leased
Building
Story 100.00
Foundation CBS
Construction Status Resale
Others
Security Features Security Sys-Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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