Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Property Description

Jones Lang LaSalle Americas Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire 900 Broken Sound Parkway (the “Property” or the “Building”), a Class A, 91.4% leased multi-tenant asset located in the flourishing Park of Broken Sound in Boca Raton, Florida. Comprised of 115,986 square feet, 900 Broken Sound boasts a WALT of 7.0 years. The property is anchored by the healthcare company CSL Plasma, a subsidiary of CSL Limited who maintains an investment grade credit rating (S&P:A-), and Geosyntec, a specialized consulting and engineering firm focused on the environment, natural resources and civil infrastructure. 

 

900 Broken Sound is perfectly situated in the epicenter of The Park of Broken Sound, a vibrant live-work-play community that benefits from exceptional office absorption fundamentals, affluent household demographics, and a myriad of proximate amenities. These highlights along with the property’s accessibility and recent capital upgrades, mark a rare opportunity to invest in high-quality, well-located real estate anchored by reputable tenants. Furthermore, the Property’s longer multi-tenant WALT offers investors secure, yet diversified income over the medium term, and upside opportunity in the longer term as in-place rents are marked to market. 

Investment Highlights

·       High-growth credit tenancy with 7.0 year WALT and no expirations for four years

·       Significant mark-to-market opportunity

·       Live-Work-Play-Stay location

·       White-hot growth in Palm Beach County

·       Strong office market fundamentals

·       Outstanding location and accessibility

Last Updated Date: 10 Jun 2021
Hermen Rodriguez
Hermen Rodriguez
Senior Managing Director, Capital Markets
License details
FL-SL3018820
Ike Ojala
Ike Ojala
Managing Director, Capital Markets
License details
FL-BK665573

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Last Updated Date: 10 Jun 2021

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