Property summary
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 profile
VerifiedCap rate & NOI
Current use
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Restaurant Take-out & Catering
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
DDRI development shall mean any development permitted under Ordinance 4035 as amended from time to time. (b) Rear separator line shall mean the line of demarcation, as set forth in this section, between residential devel…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
DDRI · Boca Raton, FLDDRI development shall mean any development permitted under Ordinance 4035 as amended from time to time. (b) Rear separator line shall mean the line of demarcation, as set forth in this section, between residential devel…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
DDRI development shall mean any development permitted under Ordinance 4035 as amended from time to time. (b) Rear separator line shall mean the line of demarcation, as set forth in this section, between residential devel…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DDRI in Boca Raton, FL.
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