For Sale: Grove Center, Boca Raton, Florida – CBRE Inc.

The Offering

CBRE, Inc., acting as exclusive agent, is pleased to offer for sale Grove Centre, an 86.1% leased professional and medical office building in Boca Raton, Florida. The Property is extremely well located, with high visibility and frontage along Powerline Road, adjacent to the highly affluent Boca Grove neighborhood where typical home prices range from $500,000 to $1.5 million. The building was recently re-measured and comprises 53,027 SF of rentable area per BOMA standards, yet the total leased and vacant SF currently add up to only 52,253 SF.
• Strong demographics with the average household income of $104,950 within a one mile radius from the property
• Excellent Financing Available — With pre-underwritten financing maximum leverage can be achieved
• Value-add opportunity offering three viable options for the investor
• Dense, in-fill location with significant barriers to entry
• Diverse tenant mix

Exclusive Contacts

 Dominic Montazemi
Vice President
+1 561 393 1622
Scott O’Donnell
Senior Vice President
+1 561 393 1602  
Miguel Alcivar
+1 305 381 6488 
CBRE, Inc.
Licensed Real Estate Broker

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