2900 Military TrlBoca Raton, FL 33431

  • Mixed-use properties
  • 259 SF
For Sale
$1,900,000 View listing

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
Mixed-use properties
Property subtype
Other investment properties
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.

2900 Military Trl, Boca Raton, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$896
-
$76,147
$76,147
-
-
$76,147
$76,147

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