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
  • Taxes$ 32921
  • Price$ 7,514,500
  • Bedrooms0
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage3966
Listing Provided Courtesy Of:
H. Alan Welles Real Est, LLC
Data Source:
Beaches MLS
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
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
Waterfront No
Year Built 1989
Zoning cg

Interior Features

Ceiling Sheet Rock, Suspended
Subdivision PALM BEACH FARMS CO PL NO 3
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
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 33434

Price
AVG $3.77M
$7.51M
Taxes
AVG $35,992
$32,921
Visits
AVG 244
488
Year Built
AVG 1989
1989
Walkscore
AVG 70
70
Data Provided by Walkscore ® not using MLS data

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