2900 Military TrlBoca Raton, FL 33431

Property Details for 2900 Military Trl

Year built

1985

Construction

CONCRETE BLOCKS

Lot size

1.00 AC

Property size (Sq ft)

259 SF

Property type

Investment properties

Property subtype

Live-work space

APN

06-42-47-13-02-000-1600

APU

6424713020001600

Description

This exceptional investment opportunity presents two medical office condos totaling 3,503 square feet, located at 2900 N Military Trl, Suite 246 & 247, Boca Raton, FL 33431. The property, built in 1985 and situated in a prime location on Military Trail, boasts a strong 7.24% cap rate and a substantial net operating income (NOI) of $137,560. Currently 100% occupied by two medical tenants under a triple-net (NNN) lease, this property offers a hands-off investment experience with no landlord responsibilities. The lease commenced December 4, 2020, with a 10-year term, leaving a remaining lease term of six years. Each suite is approximately half the total square footage. The asking price is $1,900,000, translating to a price per square foot of $542.39. The building is a two-story Class B office building with 332 parking spaces and is zoned PO&I by Boca Raton. This is a rare opportunity to acquire a stable, high-performing medical office investment in a desirable location. The property offers a secure investment with a long-term lease in place, providing consistent cash flow and significant potential for future appreciation. The lease includes five-year renewal options.

Location Insight

City

Boca Raton

County

Palm Beach

State

Florida

Latitude

26.3787

Longitude

-80.12

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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