Address
8851 Glades Road Boca Raton, FL
Price
$ 7,514,500
Property Attributes
  • MLS#RX-10452202
  • TypeCommercial
  • CountyPALM BEACH
  • CityBoca Raton
  • Area4760
  • NeighborhoodPalm Beach Farms Co Pl No 3
  • Zip33434
  • StyleRetail
  • Year Built1989
  • Taxes32921
  • Price$ 7,514,500
  • Bedrooms0
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage3966
Listing Provided Courtesy Of:
H. Alan Welles Real Est, LLC
Property Description

4% Cap with JP Morgan Chase, lease has 9 years remaining with 3% annual increases. NOI $300,580

Price History
8/1/2018 Listed $9,655,193
6/26/2020 19% - $7,850,000
7/8/2020 5% - $7,514,500

General Features

Area 4760
Auction No
Built Desc Resale
Construction CBS
Cooling Central Building
Flooring Carpet, Marble
For Lease No
Geo Area PB04
Geo Lat 26.368419
Geo Lon -80.186078
Heating Central
Legal Description PALM BEACH FARMS CO PL 3 W 200.18 FT OF S 213.39 FT OF TR 52 LYG N OF & ADJ TO SR 808& E OF & ADJ TO LYONS RD BLK 76 A/K
Location Anchor Center, Investment, Shopping Center
Misc. Traffic Heavy
Possession At Closing
Property Type E
Roof Built-Up, Steel Joist
Security Lobby, Security Patrol, TV Camera
Status Active
Stories 1.0
Subdivision PALM BEACH FARMS CO PL NO 3
Tax Year 2017
Tenant Pays Common Area Maint., Insurance, Repairs, Taxes
Terms Considered Cash, Exchange
Type Commercial Industrial
Type Of Building Commercial, Free Standing, Income, Retail
Use Retail
Utilities 201+ Amp, Electric, Public Water, Separate Meter
Virtual Tour https://www.propertypanorama.com/instaview/rapb_gflr/RX-10452202
Year Built 1989
Zoning cg

Interior Features

Ceiling Sheet Rock, Suspended
Total Number of Units 1
Unit 1: Unit Desc Shops

Exterior Features

Sale Includes Building and Land
Lot Size 1.00
Property Desc Finnancial

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33434

Price
AVG $2.51M
$7.51M
Taxes
AVG $123,488
$32,921
Visits
AVG 119
239
Year Built
AVG 1986
1989
Walkscore
AVG 53
70
Data Provided by Walkscore ® not using MLS data

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