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1095 Broken Sound Pky 67,671 SF 83% Leased Office Building Boca Raton, FL 33487 $18,828,224 CAD ($278.23 CAD/SF) 8.01% Cap Rate
INVESTMENT HIGHLIGHTS
- Contemporary Class A office building with ample on-site enclosed parking, 24-hour security access, and high-end finishes in Boca Raton, Florida.
- Ideal location just 2 miles from Yamato Road and Interstate 95, a critical north-south corridor in Boca Raton to the Greater Southeast region.
- Three-story asset benefits from $1.7 million in recent improvements and a high-end corporate build-out.
- Conveniently situated within 5 miles of household-named amenities such as Starbucks, Costco, Aldi, Walmart Supercenter, Target, McDonald’s, and more.
EXECUTIVE SUMMARY
1095 Broken Sound Parkway is a premier 60,050-square-foot Class A office building in the heart of Boca Raton, Florida. This three-story asset includes a 10,000-square-foot warehouse/storage area and is elevated above a secure two-level parking garage with prominent building signage. Fully renovated in 2023 with $1.7 million in upgrades, including a resurfaced parking lot, modernized lobby, updated exterior, and lush landscaping, the property is in turnkey condition with no deferred maintenance.
An owner/user can occupy a fully built-out 21,800-square-foot office suite on the third floor, featuring a high-end corporate build-out. The remaining floors are leased to six long-term tenants, providing stable cash flow to help offset operating costs. This is an ideal opportunity for an owner/user or investor seeking a best-in-class asset in one of Boca Raton’s most accessible and desirable business corridors, just 2 miles from Interstate 95 and Yamato Road.
An owner/user can occupy a fully built-out 21,800-square-foot office suite on the third floor, featuring a high-end corporate build-out. The remaining floors are leased to six long-term tenants, providing stable cash flow to help offset operating costs. This is an ideal opportunity for an owner/user or investor seeking a best-in-class asset in one of Boca Raton’s most accessible and desirable business corridors, just 2 miles from Interstate 95 and Yamato Road.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
67,671 SF
Building Class
B
Year Built
2008
Price
$18,828,224 CAD
Price Per SF
$278.23 CAD
Cap Rate
8.01%
NOI
$1,507,343 CAD
Percent Leased
83%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
17,817 SF
Slab To Slab
11’
Building FAR
2.35
Lot Size
0.66 AC
Zoning
C - Professional and Medical Office Space/Research Center
Parking
251 Spaces (3.71 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Atrium
- Controlled Access
- Property Manager on Site
- Storage Space
- Air Conditioning
- Smoke Detector
ABOUT BOCA RATON NORTH
The Boca Raton North office locale is a significant Palm Beach office hub. Florida Atlantic University that has a student body of close to 20,000, is located in this area.
Connectivity, the lower cost of doing business relative to the central business district and access to a deep talent pool from the surrounding residential areas and Florida Atlantic University are some of the reasons that tenants are attracted to this area. The area’s largest industries include business and financial services, trade, and manufacturing. Office Depot’s global headquarters are on a 28-acre campus in Boca Raton North. Some of the largest tenants in the area are Canon, ADT Corporation, Teleperformance and the law firm of Robertson, Anschutz & Schneid.
Demand for space has been robust, and new office building supply limited during the current economic expansion. Rents here are close to the Palm Beach County average.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
5,302
82,522
230,231
2024 Population
6,254
88,659
257,868
Population Growth '20-'24
18.0%
7.4%
12.0%
2020 Households
2,611
35,497
107,772
2024 Households
3,077
37,807
121,077
Household Growth '20-'24
17.9%
6.5%
12.4%
Average Age
41
45
50
Median Household Income
$92,685
$86,627
$71,767
Daytime Employees
32,304
109,487
188,820
Total Businesses
2,150
12,522
23,981
College Degree + Higher
65%
51%
47%
$ values in USD
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Miller's Ale House | - | $$$$ | 13 min walk |
| Jersey Mike's Subs | - | - | 13 min walk |
RETAIL |
||
|---|---|---|
| Orangetheory Fitness | Fitness | 10 min walk |
| USI | Insurance | 12 min walk |
| T.J. Maxx | Off-Price | 14 min walk |
| PNC Bank | Bank | 14 min walk |
| KinderCare | Daycare | 15 min walk |
HOTELS |
|
|---|---|
| Hampton by Hilton |
94 rooms
4 min drive
|
| Embassy Suites by Hilton |
263 rooms
6 min drive
|
| Hilton Garden Inn |
149 rooms
8 min drive
|
| Marriott |
259 rooms
11 min drive
|
| aloft Hotel |
122 rooms
15 min drive
|
PROPERTY TAXES
| Parcel Number | 06-42-47-01-03-008-0020 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $12,358,280 CAD |
PROPERTY TAXES
Parcel Number
06-42-47-01-03-008-0020
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$12,358,280 CAD
SALE ADVISOR
SALE ADVISOR
John DeMarco, Broker / Owner
John DeMarco is the President and founder of the DeMarco Real Estate Group® and Re/Max 5 Star Realty located in Hollywood, Florida. John DeMarco began his real estate career in early 2006, and is one of the highest producing Real Estate Professionals in South Florida in both the Commercial and Residential Real Estate markets. He and his team has sold/leased over $1 Billion in Real Estate over the last 18 years.
John's entry into the real estate arena began early, characterized by entrepreneurial endeavors in property development and property management. At the age of 21, he launched a successful career with Re/Max, transitioning from a brief stint in corporate America to embrace the core values of hard work, belief, and resolve—the same principles that have underpinned Re/Max’s success for over fifty years. Under his astute leadership, his real estate organization has grown to include over fifty seasoned professionals, including his personal top-tier sales team of 10. John DeMarco was inducted into the prestigious Re/Max Hall of Fame in 2013, he has been awarded the Re/Max lifetime achievement award in 2017, and the Re/Max Circle of Legends award in 2021. His team is ranked the #1 Re/Max Commercial team in the entire state of Florida and the entire United States from 2013 through 2024. He and his team has been awarded the exclusive CoStar Power Broker award Crexi Platinum Award along with the Re/Max Pinnacle Club Award. Per MLS Statistics, his office is ranked the #1 Real Estate office for both Residential and Commercial sales in the entire city of Hollywood.
Mr. DeMarco's formidable academic foundation in business administration and business law, augmented by his studies at Florida Atlantic University, has been integral to his success. After relocating to South Florida in 1998 from rural SW Pennsylvania, he ventured into the real estate sector in 2006. John DeMarco is very proud to have led his team, The DeMarco Real Estate Group? to its formable position as the nation’s top real estate team it is today. He prides himself on providing excellent client service and representation and maintains an excellent reputation within the industry. He is well known for putting his client’s best interest above all else during the transaction process while delivering significant financial returns for his investors. His innovative marketing strategies have attracted a substantial international investor clientele, resulting in over $600 million in overseas assets allocated for US property sales.
John serves as the President of the Downtown Hollywood Property Owners Association (DHPOA), the largest civic association in downtown Hollywood, representing over one million square feet of property ownership. He is an esteemed member of the CCIM Institute, which is the highest designation a real estate professional can receive, and is a shareholder in industry-leading platforms such as Costar, and Re/Max. His areas of expertise include commercial real estate, residential real estate, full service property management, investment properties, industrial real estate, wealth management, 1031 tax-deferred exchanges, and senior housing facilities / assisted living facilities.
Beyond his real estate acumen, John DeMarco is deeply committed to philanthropy, collaborating with various charitable organizations and dedicating both his time and a portion of his commissions to their causes including The Children’s Miracle Network, The Archdiocese of Miami, The Greater Miami Jewish Federation and the Broward County Great Strides Cystic Fibrosis Foundation. A portion of every single commission John DeMarco receives is donated to charity.
Personally, John DeMarco is married with three children, he enjoys coaching his children’s ice hockey and baseball teams. He is an avid boater, and his hobbies include fishing and golfing.
John's entry into the real estate arena began early, characterized by entrepreneurial endeavors in property development and property management. At the age of 21, he launched a successful career with Re/Max, transitioning from a brief stint in corporate America to embrace the core values of hard work, belief, and resolve—the same principles that have underpinned Re/Max’s success for over fifty years. Under his astute leadership, his real estate organization has grown to include over fifty seasoned professionals, including his personal top-tier sales team of 10. John DeMarco was inducted into the prestigious Re/Max Hall of Fame in 2013, he has been awarded the Re/Max lifetime achievement award in 2017, and the Re/Max Circle of Legends award in 2021. His team is ranked the #1 Re/Max Commercial team in the entire state of Florida and the entire United States from 2013 through 2024. He and his team has been awarded the exclusive CoStar Power Broker award Crexi Platinum Award along with the Re/Max Pinnacle Club Award. Per MLS Statistics, his office is ranked the #1 Real Estate office for both Residential and Commercial sales in the entire city of Hollywood.
Mr. DeMarco's formidable academic foundation in business administration and business law, augmented by his studies at Florida Atlantic University, has been integral to his success. After relocating to South Florida in 1998 from rural SW Pennsylvania, he ventured into the real estate sector in 2006. John DeMarco is very proud to have led his team, The DeMarco Real Estate Group? to its formable position as the nation’s top real estate team it is today. He prides himself on providing excellent client service and representation and maintains an excellent reputation within the industry. He is well known for putting his client’s best interest above all else during the transaction process while delivering significant financial returns for his investors. His innovative marketing strategies have attracted a substantial international investor clientele, resulting in over $600 million in overseas assets allocated for US property sales.
John serves as the President of the Downtown Hollywood Property Owners Association (DHPOA), the largest civic association in downtown Hollywood, representing over one million square feet of property ownership. He is an esteemed member of the CCIM Institute, which is the highest designation a real estate professional can receive, and is a shareholder in industry-leading platforms such as Costar, and Re/Max. His areas of expertise include commercial real estate, residential real estate, full service property management, investment properties, industrial real estate, wealth management, 1031 tax-deferred exchanges, and senior housing facilities / assisted living facilities.
Beyond his real estate acumen, John DeMarco is deeply committed to philanthropy, collaborating with various charitable organizations and dedicating both his time and a portion of his commissions to their causes including The Children’s Miracle Network, The Archdiocese of Miami, The Greater Miami Jewish Federation and the Broward County Great Strides Cystic Fibrosis Foundation. A portion of every single commission John DeMarco receives is donated to charity.
Personally, John DeMarco is married with three children, he enjoys coaching his children’s ice hockey and baseball teams. He is an avid boater, and his hobbies include fishing and golfing.
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