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Courtyard at Broken Sound 851 Broken Sound Pky NW 59,212 SF 74% Leased Office Building Boca Raton, FL 33487 $23,032,681 CAD ($388.99 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Boutique Office in Premier Boca Raton Location 
  • Operational Upside Through Lease Restructuring
  • Value-Add Lease-Up Potential
  • Modern Renovations & Amenities

EXECUTIVE SUMMARY

On behalf of ownership, the Colliers | South Florida Investment Services Team, as the exclusive agent, is pleased to present for sale the Courtyard at Broken Sound (the “Property”), a ±59,212 square foot Class A office property located at 851 NW Broken Sound Parkway in Boca Raton, FL. Built in 1987 and recently renovated, the Property sits on ±5 acres of land strategically located in the prestigious Park at Broken Sound. 
The Property offers modern, innovative office spaces featuring sleek, open common areas designed to foster collaboration and productivity in a calming, zen-inspired atmosphere. With cutting-edge amenities and a contemporary aesthetic, Courtyard provides an elevated workspace environment ideal for professionals seeking a high-quality, forward-thinking office setting. 
Currently 74% leased, the Property offers immediate upside potential through lease-up and lease restructuring initiatives. The Property features a mix of small suites with below market rents and a short weighted average lease term, allowing for near-term rental rate increases that can drive value growth. Additionally, there is a significant opportunity to convert existing gross leases to NNN structures, enhancing net operating income by transferring expense obligations to tenants.  
Tenant and visitor convenience is supported by ample parking and immediate access to I-95, positioning Courtyard at Broken Sound as a highly accessible and attractive office destination in Boca Raton’s competitive market. The Property presents a unique opportunity for investors looking for robust cash flow with significant upside and a highly sought after location within the Park at Broken Sound.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
59,212 SF
Building Class
A
Year Built
1987
Price
$23,032,681 CAD
Price Per SF
$388.99 CAD
Percent Leased
74%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
29,606 SF
Building FAR
0.27
Lot Size
5.00 AC
Zoning
LIRP
Parking
211 Spaces (4 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Bus Line
  • Commuter Rail
  • Property Manager on Site
  • Signage
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Transportation and Warehousing
  • -
  • -
  • Modified Gross
  • -

Founded in 2012, Direct Traffic Solutions is the fastest growing Veteran Owned and Veteran Operated fully integrated third-party logistics group in North America. Based in Boca Raton, Florida, they are dedicated to delivering their “3D Advantage” to all of their customers. When you partner with Direct Traffic Solutions, you get the advantage of leveraging one of most experienced freight teams in the industry. Their teams 100+ years of industry experience combined with their huge technology investments, provides the competitive advantage your company demands and deserves. They deliver Expertise, Savings, Speed, Capacity, Technology, Tracking & Support.

  • Real Estate
  • -
  • -
  • -
  • -

Grant Property Management of Boca Raton, Florida is a Full-Service Association Management firm specializing in Homeowner, Condo and Commercial Condo Property Management. Their seasoned property management team will advise and recommend the best alternatives/courses of action for an Association. This includes great attention to day-to-day details as well as strategic planning and implementation for the near future and the long term. As a result of the level of service and attention to detail they provide to clients, their firm has an excellent reputation in the industry as well as with the Boards and Members of the Associations they manage.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

Choosing a hearing professional is one of the most important decisions a hearing impaired person can make. Since a hearing aid cannot be prescribed like eye glasses, proper hearing aid recommendation and fitting is highly dependent on the judgment and skill of the professional selecting the instrument. We test your hearing, select, and dispense the hearing instrument best suited to your needs in addition to providing support, counseling, and service of the hearing system. Our professional staff is among the best hearing healthcare providers in the U.S. Hear Again America is committed to protecting your hearing from further deterioration through education about what affects your hearing, as well as the proper use and care of hearing protection devices. We have 31 locations throughout Florida, Georgia and South Carolina!

  • Finance and Insurance
  • -
  • -
  • -
  • -

IBS Insurance Group is an all lines insurance agency located in Boca Raton, serving the entire state of Florida with over 30 years of experience in all insurance related matters. They research the rates and coverage to find the best options that fits your needs. You no longer need to call around town or search the Internet to find the best rates – they do the shopping and comparing for you to save you time and money! For all your insurance needs.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

For 30 Years, L.A. DESIGN has maintained ONE GOAL. They are committed to providing our clients and valued team members with a better human experience through their Thoughtful design creating positive change.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

At Sensus Healthcare, we are devoted to making a difference in the lives of people who suffer from non-melanoma skin cancer and unsightly keloid scarring. By designing and manufacturing safe and reliable state-of-the-art Superficial Radiation Therapy technology right here in the United States, we are providing compassionate dermatologists and oncologists around the world with a non-surgical treatment option that empowers them to cure patients without compromising patient confidence, dignity or quality of life

  • Siegel Group
  • -
  • -
  • -
  • -
  • -
  • Talent Multiservices
  • Professional, Scientific, and Technical Services
  • -
  • $43.20 CAD
  • Triple Net
  • Jun 2023
  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

Whether you need therapy for a little support adjusting to a recent event or are battling chronic depression, addiction or eating disorder – where you turn to for help can make all the difference in your recovery. At the Oasis, we see things differently – we are not treating your ‘condition’, we are treating you as a person. We accept you just where you are – right now – and we are confident that we can make a difference in your life.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

Williamson Design Associates is an integrated, multidisciplinary design firm. The design thoughtful, sustainable, and beautiful places collaboratively with their diverse team of creative professionals. At WDA, they take pride in designing thoughtfully created, quality architectural spaces and interiors that enhance lives. Since 1994 their real business has been people. Their long-lasting client relationships mean much more to us than the design awards and recognition they often receive for our work. They understand each project is unique and aim to create a space that compliments the way their clients work. Defining the goals of your project through their programming process is one of the most important details to designing customized solutions that stand the test of time. The team is at your service, even after your project’s completion.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Transportation and Warehousing - - Modified Gross -
Real Estate - - - -
Health Care and Social Assistance - - - -
Finance and Insurance - - - -
Professional, Scientific, and Technical Services - - - -
Health Care and Social Assistance - - - -
Siegel Group - - - - -
Talent Multiservices Professional, Scientific, and Technical Services - $43.20 CAD Triple Net Jun 2023
Health Care and Social Assistance - - - -
Professional, Scientific, and Technical Services - - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 136
  • 863 SF
  • Office
  • -
  • Now
  • 1st Fl-Ste 140
  • 3,707 SF
  • Office
  • -
  • Now
  • 1st Fl-Ste 155
  • 2,255 SF
  • Office
  • Full Build-Out
  • 30 Days
  • 2nd Fl-Ste 250
  • 5,597 SF
  • Office
  • -
  • Now
  • 2nd Fl-Ste 260
  • 2,810 SF
  • Office
  • Partial Build-Out
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 136 863 SF Office - Now
1st Fl-Ste 140 3,707 SF Office - Now
1st Fl-Ste 155 2,255 SF Office Full Build-Out 30 Days
2nd Fl-Ste 250 5,597 SF Office - Now
2nd Fl-Ste 260 2,810 SF Office Partial Build-Out Now

1st Fl-Ste 136

Size
863 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 140

Size
3,707 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 155

Size
2,255 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

2nd Fl-Ste 250

Size
5,597 SF
Space Use
Office
Condition
-
Available
Now

2nd Fl-Ste 260

Size
2,810 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 155

Size 2,255 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-42-47-01-06-019-0000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$15,621,530 CAD
  • Listing ID: 38152852

  • Date on Market: 2025-10-21

  • Last Updated:

  • Address: 851 Broken Sound Pky NW, Boca Raton, FL 33487

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