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301 NW CRAWFORD Boulevard, Boca Raton, 33432

$2,850,000

Property Type: Commercial Sale Square Footage: 13,637 Status: Closed

Current Price: $2,850,000 List Date: 11/24/2004 Last Modified: 12/19/2025

Description

GREAT OPPORTUNITY TO OWN AN OFFICE BUILDING IN THE HEART OF EAST BOCA. ONE BLOCK FROM MAJOR DOWNTOWN THOROUGHFARE. EASY ACCESS TO I95, TURNPIKE & US1. WALKING DISTANCE TO BOCA RATON CITY HALL, POLICE & COMMUNITY CENTER. EXCELLENT LOCATION, ACCESS & EXPOSURE. CLOSE PROXIMITY TO GOVERNMENT BUILDINGS MAKES THIS LOCATION IDEAL FOR PROFESSIONALS SUCH AS ATTORNEYS, ARCHITECTS, ENGINEERS, ACCOUNTANTS, REAL ESTATE & MORTGAGE COMPANIES. GREAT FLEXIBILITY MAKES THIS PROPERTYIDEAL FOR BOTH OWNER-USERS AND INVESTORS. ELEVATOR. ATTRACTIVE ATRIUM. 70 OPEN PARKING BAYS AND 20 COVERED PARKING BAYS. SOLD AS IS WITH RIGHT TO DO DUE DILIGENCE. TREMENDOUS UPSIDE POTENTIAL - CURRENT RENT IS WAY BELOW MARKET. SELLER WILL GUARANTEEGROSS INCOME OF $260,000 FOR FIRST YEAR. ADD... (see supplement for full remarks)

Supplements: GREAT OPPORTUNITY TO OWN AN OFFICE BUILDING IN THE HEART OF EAST BOCA. ONE BLOCK FROM MAJOR DOWNTOWN THOROUGHFARE. EASY ACCESS TO I95, TURNPIKE & US1. WALKING DISTANCE TO BOCA RATON CITY HALL, POLICE & COMMUNITY CENTER. EXCELLENT LOCATION, ACCESS & EXPOSURE. CLOSE PROXIMITY TO GOVERNMENT BUILDINGS MAKES THIS LOCATION IDEAL FOR PROFESSIONALS SUCH AS ATTORNEYS, ARCHITECTS, ENGINEERS, ACCOUNTANTS, REAL ESTATE & MORTGAGE COMPANIES. GREAT FLEXIBILITY MAKES THIS PROPERTYIDEAL FOR BOTH OWNER-USERS AND INVESTORS. ELEVATOR. ATTRACTIVE ATRIUM. 70 OPEN PARKING BAYS AND 20 COVERED PARKING BAYS. SOLD AS IS WITH RIGHT TO DO DUE DILIGENCE. TREMENDOUS UPSIDE POTENTIAL - CURRENT RENT IS WAY BELOW MARKET. SELLER WILL GUARANTEEGROSS INCOME OF $260,000 FOR FIRST YEAR. ADDITIONAL INFO WILL BE MADE AVAILABLE TO BUYER DURING DUE DILIGENCE PERIOD PURSUANT TO A CONTRACT.

More Information MLS# R2465967

Contract Information

Comp Sale YN: No Listing Contract Date: 2004-11-24 Status: Closed Original List Price: 3500000 Sold Price: $2,850,000 Current Price: $2,850,000

Location and Legal

County Or Parish: Palm Beach County Parish Name: Palm Beach City Name: Boca Raton Postal Code: 33432 Geographic Area: PB02 Property Description: EAST BOCA PROFESSION Country: United States Street Number: 301 Street Direction Prefix: NW Street Name: CRAWFORD Street Suffix: Boulevard Area: 4260 Parcel Number: 06434719020010080 Zoning: OFFICE Directions: PALMETTO PARK RD TO CRAWFORD BLVD JUST WEST OF BOCA RATON BLVD.

General Property Information

Stories: 2 Building Area Main: 13637 Year Built: 1979

Office/Member Information

DXORIGMLSID: RML

Status Change Information

Buyer Financing: Conventional Major Change Timestamp: 2004-12-15T03:26:15Z Major Change Type: Price Change Price Change Timestamp: 2004-12-15T03:26:15Z Status Change Date: 2006-05-08 Under Contract Date: 2006-01-12 Close Date: 2006-05-01 Close Price: 2850000

Flooring

Carpet: 1

Property Condition

Resale: 1

Meter Information

Number Of Meters Total: 1

Structure Type

Office: 1

Location of Property

City Location: 1 County Location: 1

Possession

Close Of Escrow: 1 Negotiable: 1

Sewer

Public Sewer: 1

Building and Property Details

# Of Offices: 15 # Of Tenants: 15 # Of Toilets: 2 % Air Conditioned: 100 Door Height: 0-8' Interior Ceiling Height: 0

Building Features

Free Standing: 1

Business Type

Commercial: 1 Professional/Office: 1

Distance To Information

Miles to Beach: 1 Miles to Expressway: 1

Heating

Central: 1 Electric: 1

Sale Includes

Fixtures: 1

Construction Materials

Block: 1 Concrete: 1

Listing Terms

Cash: 1 Conventional: 1 Owner May Carry: 1

Roof

Other: 1

Water Source

Public: 1

Income and Expenses

Gross Income: 260000 Other Income: 0 Service Expense: 3600 Utilities Expense: 5800 Vacancy Allowance Rate: 0 Gross Scheduled Income: 260000 Insurance Expense: 3500 Maintenance Expense: 5000 Net Operating Income: 215000 Operating Expense: 45000 Other Expense: 7400