5617300 N Federal Highway, Boca Raton, FL 33487
$2,050,000
Property Type:
Commercial Sale
Square Footage:
11,450
Status:
Closed
Current Price:
$2,050,000
List Date:
6/23/2015
Last Modified:
1/13/2026
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.
More Information MLS# R10114338
Contract Information
Comp Sale YN: No
Listing Contract Date: 2015-02-23
Status: Closed
Original List Price: 2200000
Sold Price: $2,050,000
Current Price: $2,050,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Boca Raton
Postal Code: 33487
Geographic Area: PB02
Multiple Offers Accepted: No
Property Description: Commercial Office
Street Number: 7300
Street Direction Prefix: N
Street Name: Federal
Street Suffix: Highway
State Or Province: FL
Area: 4240
Parcel Number: 06434632280001001
Zoning: RB1 Commercial
Directions: SE CORNER OF US1 & NE 74TH STREET
General Property Information
Lot Size Area: 28749.6
Stories: 2
Building Area Main: 11450
Building Area Source: Public Records
Year Built: 1984
Lot Size Acres: 0.66
Currently Not Used
Number Of Units Total: 7
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2015-08-20T04:17:31Z
Major Change Type: Status Change
Price Change Timestamp: 2015-06-13T20:30:23Z
Status Change Date: 2015-08-20
Under Contract Date: 2015-07-28
Close Date: 2015-07-31
Close Price: 2050000
Electric
220 Volts: 1
Flooring
Carpet: 1
Ceramic Tile: 1
Wood: 1
Other: 1
Property Condition
Resale: 1
Documents Available
Existing Survey: 1
Investment Analysis: 1
Owner Managed: 1
Photos: 1
Meter Information
Number Of Meters Total: 9
Structure Type
Office: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Location of Property
City Location: 1
Possession
Close Of Escrow: 1
Utilities
Cable Available: 1
Building and Property Details
# Of Offices: 9
# Of Toilets: 15
% Air Conditioned: 100
Maximum Ceiling Height: 9
Business Type
Professional/Office: 1
Ceiling
Acoustic: 1
Common Area Maintenance Includes
Exterior Maintenance: 1
Lawn Care: 1
Sales Tax: 1
Sewer: 1
Water: 1
Heating
Central: 1
Sale Includes
Building: 1
Land: 1
Construction Materials
CBS: 1
Listing Terms
Cash: 1
Conventional: 1
Roof
Composition: 1
Concrete: 1
Other: 1
Security Features
Security System Owned: 1
None: 1
Water Source
Public: 1
Cooling
Central Air: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Listing Agent Must Accompany: 1
Traffic Type
Medium: 1
Contingencies
None: 1
Price Calculations
Current Price To SqFt: 179.03
Original List Price To Close Price: 1.07
Financial Information
Tax Annual Amount: 33609
Tax Year: 2014
Tax Legal Description: BOCA BAY EXECUTIVE BLDG COND UNITS 1-1 THRU 1-140
Originating Details
Originating System Key: 20150225142206769327000000
Originating System ID: M00000170
Property Features
Business Type: Professional/Office
Ceiling: Acoustic
Common Area Maintenance Includes: Exterior Maintenance; Lawn Care; Sales Tax; Sewer; Water
Documents Available: Existing Survey; Investment Analysis; Owner Managed
Electric: 220 Volts
Flooring: Carpet; Ceramic Tile; Wood; Other
Heating: Central
Location of Property: City Location
Possession: Close Of Escrow
Property Condition: Resale
Sale Includes: Building; Land
Tenant Pays: Cable TV; Electricity
Construction Materials: CBS
Cooling: Central Air
Listing Terms: Cash; Conventional
Traffic Type: Medium
Roof: Composition; Concrete; Other
Security Features: Security System Owned; None
Structure Type: Office
Utilities: Cable Available
Water Source: Public
Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany
Contingencies: None
Listing Office:
JSM Realty Services, Inc.
Last Updated: January - 13 - 2026
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