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700 Banyan Trail

Off-Market

700 Banyan Trail, Boca Raton, FL 33431

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 175,625 Sqft
  • Lot Size 10.89 Acre
  • Parking Spaces Avail. 623
  • Parking Ratio 3.55/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1968

Location

  • City Boca Raton, FL
  • Neighborhood Boca Raton Airport Area
  • Zip Code 33431
  • Market West Palm Beach Boca Raton

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 06 Feb, 2020
  • Purchase Price $31,400,000
  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Boca Raton

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Boca Raton Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $32.60
  • 2020 Office Vacancy Rate 13.01%
  • 2020 Office Completions (Sqft)
View more Boca Raton market trends

Tax

  • Property Tax in 2020 $413,344
  • Market Value $22,889,686
  • Assessed Value $22,889,686

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 700 Banyan Trail?

700 Banyan Trail totals 175,625 square feet.

When was this property built?

700 Banyan Trail was built in 1968.

When was 700 Banyan Trail last sold?

700 Banyan Trail was last sold on 06 Feb, 2020.

What was the last purchase price for 700 Banyan Trail?

700 Banyan Trail was last sold for $31,400,000.

What is the property tax for 700 Banyan Trail?

The property tax for 700 Banyan Trail in 2020 was $413,344.

What is the market value for 700 Banyan Trail?

The market value for 700 Banyan Trail in 2020 was $22,889,686.

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