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Aletto Offices at Sanborn Square
For Lease
$1,685/Mo

119 E Palmetto Park Rd, Boca Raton, FL 33432

Trophy office tower in downtown Boca Raton, luxurious design.

Space SizeContact for details
Days on Market156

Property Features for 119 E Palmetto Park Rd

General Information

Standard status Active
Property subtype Office
Listing Agency: Boca Raton
Listed By: Gary Gottlieb
Source: Colliers
Added: Apr 1 Changed: Aug 31 Last Checked: Sep 2 at 1:27PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Boca Raton

Investment Insights

Based on property information with market context.

The Aletto Offices at Sanborn Square represents a trophy office tower located in downtown Boca Raton. This property will be the first such office tower constructed in the area in the last 25 years. The building features a luxurious design and smart-building technology. It is hyper-amenitized to create a distinctive work environment. The property offers a total size of 18421 square feet.

Key Highlights

  • First trophy office tower built in downtown Boca Raton in 25 years.
  • Luxurious design.
  • Smart‑building features.

Property Analytics

Current Use

Häagen-Dazs Restaurant Tropical Smoothie Cafe Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Mobile Phone Store Fish Market Farmer's Market Supermarket

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$0.17 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,832
Businesses Nearby

Demographics for 33432, FL

22,061
Population
14,405
Households
1.5
Avg Household Size
52
Median Age
58%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
4,796
Density / Sq Mi
$94,375
Median Household Income
$54,481
Median Earnings
$2,226
Median Rent
$943,400
Median Home Value

Market

Lease Benchmarks for Boca Raton, FL

$25.03 /SF/Yr
Avg Asking Price
$1.1–$44.3 /SF/Yr
Price Range
24,911 SF
Avg Space Size

This space is priced 96% below the average of $25.03 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Trophy office tower in downtown Boca Raton, luxurious design.
Where is this office building located?
The property is located at 119 E Palmetto Park Rd Boca Raton, FL.
What is the lease rate?
The lease rate is $1,685/Mo.
What are key features of this property?
This property features: First trophy office tower built in downtown Boca Raton in 25 years.; Luxurious design.; Smart‑building features.
More about this property
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