100 Hidden Valley Blvd Boca Raton, FL 33487
- Commercial real estate
- 115,600 SF
Current Use by Public Records
- Boca Villa Apartments / Apartment Complex / Apartment Building
- Marine-Clean / Cleaning Service
Property Details for 100 Hidden Valley Blvd
- Property size
- 115,600 SF
- Property type
- Commercial real estate
Description
This exceptional 106-unit apartment building in Boca Raton, FL, presents a lucrative investment opportunity. Boasting 115,600 square feet on a 7.23-acre lot (APN 06-43-46-32-37-000-0000), the property features 53 newly constructed units (29 two-bedroom/two-bathroom, 24 three-bedroom/two-bathroom) and 53 existing units (40 two-bedroom/two-bathroom, 13 one-bedroom/1.5-bathroom). Amenities include a brand-new clubhouse with a fitness center, a sparkling pool, and extensive landscaping with over 350 new plantings. Ten new garages generate additional rental income at $500/month each. Further income streams are derived from outdoor parking (estimated future rental income of $100/unit), on-site coin-operated laundry, and annual pet fees. The property's current NOI is $2,532,105, with a pro-forma NOI of $2,865,532, yielding a 5.89% cap rate and a pro-forma cap rate of 6.66%. The asking price is $43,000,000, with flexible financing options available, including a potential equity stake for the seller with a 5% annual preferred return. The seller also has an appraisal for $45,000,000 from their current lender. Construction is slated for completion in early fall, with occupancy expected by late fall, targeting a year-end closing. Located at 100 W Hidden Valley Blvd, Boca Raton, FL 33487, this property benefits from Boca Raton's vibrant market, offering upscale shopping, dining, and coastal attractions. The property is zoned R3B.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boca Raton
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.079257373651
- Latitude
- 26.417646712922
