For Sale
$10,000,000

8851 Glades Rd Boca Raton, FL 33434

High-yield warehouse, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
135
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.

Highlights

  • $10,000,000 asking price.
  • 3,966 square foot warehouse in Boca Raton, Florida.
  • Located at 8851 Glades Road, Boca Raton, FL 33434.
  • 1989 construction.
  • Industrial property with a 4% capitalization rate.
  • Net Operating Income (NOI) of $300,580.

Property Details for 8851 Glades Rd

Property type
Warehouses, Industrial properties
Square Feet
3,966 SF
Year Built
1989
Units
1

Location Insight

City
Boca Raton
County
Palm Beach
State
Florida
Latitude
26.3683463
Longitude
-80.186068

FAQs

What type of property is this?
Warehouse - High-yield warehouse, strong tenant.
Where is the warehouse located?
The property is located at 8851 Glades Rd Boca Raton, FL.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: $10,000,000 asking price.; 3,966 square foot warehouse in Boca Raton, Florida.; Located at 8851 Glades Road, Boca Raton, FL 33434.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
8851 Glades Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message