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    8851 Glades Road

    Boca Raton, FL 33434
    • $7,514,500
    • STATUS: Active
    • ON SITE: 850 days
    • ID#: RX-10452202
    UPDATED: 43 min ago
    $7,514,500
    • 0
      BEDS
    • 1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,966
      SQFT
    • $1,895
      $/SQFT
    Type:
    Commercial
    Built:
    1989
    County:
    Area:

    School Ratings & Info

    Description

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

    Monthly Payment Calculator

    www.myreynoldsteam.com/homes/86150590
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    8851 Glades Road Boca Raton, FL 33434

    • Price: $7,514,500
    • Status: Active
    • Updated: 43 min ago
    • ID#: RX-10452202
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1
    Acres
    3,966
    SQFT
    $1,895
    $/SQFT
    1989
    Built
    Neighborhood:
    Palm Beach Farms Co Pl No 3
    County:
    Palm Beach
    Area:
    Boca Raton
    Property Description
    4% Cap with JP Morgan Chase, lease has 9 years remaining with 3% annual increases. NOI $300,580
    Exterior Features

    Bays 1 Construction Cbs Roof Built-UpSteel Joist Waterfront YN No

    Interior Features

    Bath Toilets 2.00 Ceiling Sheet RockSuspended Ceiling Height 14 Cooling Central Building Flooring CarpetMarble Heating Central Miscellaneous2 Traffic Heavy Percent Air Conditioned 100.00 Unit1 Half Baths 3 Unit1 Unit Desc Shops

    Property Features

    Available Docs Enviro. Audit-Ph1 Available Info None Built Desc Resale Contingents Inspection Fire Protection Smoke Alarm For Lease No For Sale Yes Lease 7-10 YearsLong TermNet RentRenewal List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location Anchor CenterInvestmentShopping Center Meters 1.00 Monetary Info Net Oper Income 276000.00 Possession At Closing Sale Includes Building And Land Security LobbySecurity PatrolTv Camera Tax Amount Real Estate Taxes 32921.00 Tax Year 2017 Tenant Pays Common Area Maint.InsuranceRepairsTaxes Tenants 1 Terms Considered CashExchange Type Of Building CommercialFree StandingIncomeRetail Unit1 Units 1 Use Retail Utilities 201+ AmpElectricPublic WaterSeparate Meter

    Listing provided courtesy of H. Alan Welles Real Est, Llc. Listing information © 2020 BeachesMLS
     
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    The Reynolds Team/ONE Sotheby’s International Realty
    1701 Highway A1A, Suite 104
    Vero Beach FL, 32963