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    119 Palmetto Park Rd Boca Raton, FL 33432

    Sponsored
    For Lease
    $65 SF/Yr

    140,000 SF, Modern Office Building

    Lot size:
    140,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Aletto Offices at Sanborn Square, located at 119 E Palmetto Park Rd in Boca Raton, FL 33432, presents a unique opportunity for businesses seeking premium office space. This brand-new, Class A development, slated to break ground in Q4 2023 and completed in 2025, comprises two ten-story buildings totaling 140,000 square feet. The property offers flexible space options, with a minimum divisible unit of 5,000 square feet and the potential to lease the entire 140,000 square feet contiguously. Currently, all 140,000 square feet are available for lease. The buildings feature modern design and amenities, including elevators. The property is categorized as both retail and traditional office space, offering a diverse range of possibilities. Located in Palm Beach County, this development includes a dedicated parking garage, ensuring convenient parking for tenants and their clients. The property's prime location in Boca Raton provides excellent access to major transportation routes and a vibrant business community. This is an exceptional opportunity to secure space in a state-of-the-art, newly constructed building in a highly desirable location.

    Property Features for 119 Palmetto Park Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    140,000 SF
    Class
    A
    Total Rate
    758333.33

    Building Details

    Year Built
    2025
    Buildings
    2
    Stories
    10

    Unit(s) available at that property

    Space
    Tenth Floor
    Size
    10,556 SF
    Rate per SF
    $65
    Space
    Third Floor
    Size
    10,095 SF
    Rate per SF
    $65
    Space
    Fifth Floor
    Size
    10,531 SF
    Rate per SF
    $65
    Space
    Sixth Floor
    Size
    7,551 SF
    Rate per SF
    $65
    Space
    First Floor
    Size
    7,715 SF
    Rate per SF
    $65
    Space
    Fourth Floor
    Size
    10,531 SF
    Rate per SF
    $65
    Space
    Eighth Floor
    Size
    18,421 SF
    Rate per SF
    $65
    Space
    Seventh Floor
    Size
    18,421 SF
    Rate per SF
    $65
    Space
    Ninth Floor
    Size
    18,100 SF
    Rate per SF
    $65

    HighLights

    • 10‑story Class A mixed‑use building with office and retail space, including rooftop dining, on Palmetto Park Road.
    • 5‑story luxury office tower with Sanborn Square views.
    • 558‑space dedicated parking garage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Häagen-Dazs Dessert Restaurant Tropical Smoothie Cafe Restaurant

    Suggested Use

    Restaurant Law Firm Dental Office Realty agency Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.08514077
    Latitude
    26.35053722

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    FAQs

    What type of property is this?
    Restaurant - 140,000 SF, Modern Office Building
    Where is this restaurant located?
    The property is located at 119 Palmetto Park Rd Boca Raton, FL.
    What is the lease rate?
    The lease rate is $65 SF/Yr.
    What are key features of this property?
    This property features: 10-story Class A mixed-use building with office and retail space, including rooftop dining, on Palmetto Park Road.; 5-story luxury office tower with Sanborn Square views.; 558-space dedicated parking garage.
    Request Owner's contact information
    119 Palmetto Park Rd Boca Raton, FL 33432
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    Boca Raton, FL 33432
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    119 Palmetto Park Rd Boca Raton, FL 33432
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