8851 Glades RdBoca Raton, FL 33434

This exceptional Boca Raton warehouse, located at 8851 Glades Road, presents a compelling investment opportunity. The property boasts 3,966 square feet and sits on a lot with unspecified square footage. Constructed in 1989, this single-unit industrial building is currently leased to JP Morgan Chase, providing a stable income stream. The lease agreement has nine years remaining, featuring a favorable 3% annual rent increase. This translates to a strong 4% capitalization rate, with a net operating income (NOI) of $300,580. The asking price for this prime Boca Raton warehouse is $10,000,000. Situated in Palm Beach County, Florida, with a zip code of 33434, this property offers excellent access to major transportation routes and a thriving business community. The property's location provides easy access to Boca Raton's amenities and infrastructure. This is a rare opportunity to acquire a high-performing industrial asset with a long-term, secure lease in a desirable location. The property's strong tenant and lease terms make it an attractive investment for both seasoned and new investors seeking stable returns. The details provided represent a compelling investment case for those seeking a secure and profitable addition to their portfolio. Further due diligence is recommended.