Boca Raton, FL 33487,7300 N Federal HWY
Listed by JSM Realty Services, Inc.
Bought with Investments, Ltd.

$2,050,000

Est. payment /mo

$2,275,000

9.9%
Est.Price: ?

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7300 N Federal HWY Boca Raton, FL 33487

15 Baths

11,450 SqFt

SOLD DATE : 07/31/2015

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

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

Roof Type Comp Rolled,Concrete Tile,Other

Present Use Presently Leased

Building

Story 100.00

Foundation CBS

Construction Status Resale

Others

HOA Fee Include Lawn Care,Maintenance-Exterior,Sales Tax,Sewer,Water

Security Features Security Sys-Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Diana Carvajal, MBA

Advisor | License ID: SL 3294569

+1(561) 376-9495

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