8000 N Federal Highway, Boca Raton, FL 33487 (MLS# R10744454)

Supplements: 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, with additional revenues from a corporate cellular tower and building signage. The diverse tenant mix provides credit risk mitigation, while staggered lease expirations ... (Read more) 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, with additional revenues from a corporate cellular tower and building signage. 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 rentals rates on new leases. Current ownership is dissolving its partnership, opening the opportunity for an investor to capitalize on increased management efficiency while participating in Boca Raton's unprecedented growth and surge in demand for high-end suburban office space.