Atrium at Broken Sound - 2021_Property for Sale
Atrium at Broken Sound - 2021_Property for Sale
6111 Broken Sound Pkwy NW, Boca Raton, FL, 33487-2774, US

Atrium at Broken Sound - 2021

Asset Description

Jones Lang LaSalle Americas Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire The Atrium at Broken Sound, a 91,912 square foot Class A office building located in the burgeoning Park at Broken Sound. Built in 1986, The Atrium at Broken Sound is a 3-story office building with pristine views of The Old Course at Broken Sound country club. Anchored by local law firm Sachs, Sax, & Caplan, P.A. and national retail firm TJX Companies (S&P: A, Moody’s: A2) the parent company of TJ Maxx, Marshalls, and HomeGoods, the asset is 85% leased. The property is located on 10.44 acres of land, offering a rare opportunity for additional development with a 120-key hotel with golf course views. 


The Atrium at Broken Sound is strategically located at the center of the thriving Boca Raton market within The Park at Broken Sound, a robust live, work, play district with an exceptional average household income of over $120,000. One of South Florida’s trailblazing office parks, The Park at Broken Sound has transformed recently offering a multitude of walkable amenities and phenomenal office fundamentals. This location in the prominent Boca Raton North submarket offers unparalleled regional connectivity with immediate access to I-95 (1mi.) and Florida Turnpike (5 mi.) for both executives and the general workforce. Moreover, the Boca Raton Tri-Rail station is less than a mile from the Property with free city shuttles offered to and from the Property.  

...

Attributes

Building area Net
8,539 m²
Occupancy
85.00%
Year built
1986
Land area net
4.22 ha (42,249 m²)
NOI
€1,444,000

Media

Investment Highlights

  • $1,200,000+ in renovations since 2020 including lobby upgrades, conference center addition, new elevators, and HVAC upgrades
  • 45% nationally recognized and investment grade tenancy
  • Significant additional development potential for a 120-key hotel or up to 115,000 SF of office
  • Live-Work-Play-Stay location
  • White-hot growth in Palm Beach County
  • Strong office market fundamentals
  • Outstanding location and accessibility
Atrium at Broken Sound - 2021 4_Property for Sale
Atrium at Broken Sound - 2021 4_Property for Sale

Contact brokers

Atrium at Broken Sound - 2021 (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
30 Nov 2022