8851 Glades RdBoca Raton, FL 33434

Property Details for 8851 Glades Rd

Year built

1989

Construction

CONCRETE

Lot size

1.00 AC

Property size (Sq ft)

3,966 SF

Zone code

CG

Property type

Retail properties

Property subtype

Banks

APN

00-42-43-27-05-076-0522

APU

424327050760522

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,395,868

  6.5%

  $1,288,494

  7%

  $1,196,459

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,931,003

  Geo Method

  $1,931,003

• Alternative Use

  Use

  Valuation

  Residential

  $1,086,893

  Hospitality

  $995,588

  Educational

  $828,318

  Medical

  $856,805

  Retail

  $1,288,494

Location Insight

City

Boca Raton

County

Palm Beach

State

Florida

Latitude

26.3684

Longitude

-80.1861

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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 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 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].