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Bank of America Plaza 2000 Glades Rd 59,667 SF 74% Leased Office Building Boca Raton, FL 33431 For Sale
INVESTMENT HIGHLIGHTS
- Institutional-Scale Office Asset: The property comprises 59,667 rentable square feet, offering scale that is rarely available in Boca Raton’s market.
- Value-Add Lease-Up Opportunity: Current occupancy of 74.4% gives investors with the ability to drive NOI growth through vacancy absorption.
- Attractive Parking Ratio: The property features 245 surface parking spaces, equating to a favorable 4.1 spaces per 1,000 square feet.
- Credit-Tenant Anchor: Anchored by Bank of America, the rent roll benefits from stable national credit tenancy.
- Expense Recovery Structure: Leases are primarily structured on a NNN basis, allowing for recovery of operating expenses.
- Limited New Supply: Boca Raton benefits from restrictive zoning and limited land availability, supporting long-term occupancy and rent growth.
EXECUTIVE SUMMARY
Anchored by Bank of America, the property is supported by a diversified roster of professional and corporate tenants. Bank of America Plaza is currently 74.4% occupied and generates an in-place net operating income (NOI) of $1,626,000, providing stable cash flow with the opportunity to increase income through the lease-up of existing vacancy. Pro forma NOI is projected to reach over $2.1 million by Year 3, reflecting contractual rent growth and absorption assumptions outlined in the financial projections.
Bank of America Plaza benefits from its central location along one of Boca Raton’s primary commercial corridors, with convenient access to Interstate 95, Florida’s Turnpike, and Military Trail. 2000 Glades Road is located near Florida Atlantic University, Town Center at Boca Raton, and the Boca Raton Brightline Station, supporting long-term office demand within the submarket.
PROPERTY FACTS
AMENITIES
- Banking
- Bus Line
- Property Manager on Site
- Signage
- Natural Light
- Partitioned Offices
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Newly renovated, near bldg elevator, upgraded professional office space available for immed occupancy. Interior layout features open area entrance suitable for 2-4 work stations, adjacent glass walled conference room, 4 private offices and break-room. Interior glass, carpet tiles, LED lighting, sink with quartz top cabinet just some of the interior upgrades. Potential expansion of additional 497 rsf could bring space to 2,245 rsf. Details upon request.
Newly completed Spec Space featuring Double door entry and conference room for 10. New building upgrades to space include interior glass, LED lighting, Carpet tiles, LVT flooring and stone counter top in break room. Suite located directly off elevator at SWC of 3rd floor. Availability scheduled for March 2025. Floor plan available upon request, photos coming soon.
The top (4th) floor features direct access from the elevator. Plans are in place to divide this space into three office suites, each ranging from approximately 1,500 to 2,500 square feet. Each suite will include traditional layouts with perimeter offices, a conference room, and a break area. The overall design offers three sides of exterior windows in a predominantly rectangular shape for maximum efficiency. Additionally, adjacent spaces could be combined for larger build-outs of up to 9,281 square feet, offering build-to-suit opportunities catering to business needs.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 212 | 1,748 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 300 | 2,852 SF | Office | Spec Suite | 30 Days |
| 3rd Fl-Ste 308 | 1,465 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 400 | 2,000-9,281 SF | Office | Shell Space | Now |
2nd Fl-Ste 212
| Size |
| 1,748 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 300
| Size |
| 2,852 SF |
| Space Use |
| Office |
| Condition |
| Spec Suite |
| Available |
| 30 Days |
3rd Fl-Ste 308
| Size |
| 1,465 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 400
| Size |
| 2,000-9,281 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
2nd Fl-Ste 212
| Size | 1,748 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Newly renovated, near bldg elevator, upgraded professional office space available for immed occupancy. Interior layout features open area entrance suitable for 2-4 work stations, adjacent glass walled conference room, 4 private offices and break-room. Interior glass, carpet tiles, LED lighting, sink with quartz top cabinet just some of the interior upgrades. Potential expansion of additional 497 rsf could bring space to 2,245 rsf. Details upon request.
3rd Fl-Ste 300
| Size | 2,852 SF |
| Space Use | Office |
| Condition | Spec Suite |
| Available | 30 Days |
Newly completed Spec Space featuring Double door entry and conference room for 10. New building upgrades to space include interior glass, LED lighting, Carpet tiles, LVT flooring and stone counter top in break room. Suite located directly off elevator at SWC of 3rd floor. Availability scheduled for March 2025. Floor plan available upon request, photos coming soon.
3rd Fl-Ste 308
| Size | 1,465 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
4th Fl-Ste 400
| Size | 2,000-9,281 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
The top (4th) floor features direct access from the elevator. Plans are in place to divide this space into three office suites, each ranging from approximately 1,500 to 2,500 square feet. Each suite will include traditional layouts with perimeter offices, a conference room, and a break area. The overall design offers three sides of exterior windows in a predominantly rectangular shape for maximum efficiency. Additionally, adjacent spaces could be combined for larger build-outs of up to 9,281 square feet, offering build-to-suit opportunities catering to business needs.
ABOUT BOCA RATON WEST
The Boca Raton West area is close to the 20,000-student Florida Atlantic University, the county’s largest higher education institution. The largest office node is around the Town Center at Boca Raton, with smaller office clusters along Palmetto Park Road and Camino Real.
Office tenants are drawn to Boca Raton West because of its connectivity to major highway arteries, access to deep talent pools in the nearby education institutions and surrounding residential areas, and its lower cost of doing business relative to the county’s central business district. This office locale is an employment center for healthcare, finance and business services. Some of the area’s largest tenants include Merrill Lynch, Club Staffing, and Ernst & Young.
Rents are close to the county average, which is significantly below those of the West Palm Beach CBD.
DEMOGRAPHICS
Demographics
PROPERTY TAXES
| Parcel Number | 06-42-47-14-00-000-5070 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $17,486,130 |
PROPERTY TAXES
SALE ADVISORS
SALE ADVISORS
Douglas Mandel, Executive Managing Director
Zachary Levine, Director Investments
Zach has been recognized with multiple industry accolades, including the Pace Setter Award (2021), NAIOP Rookie of the Year (2022), and Marcus & Millichap Rising Star (2023). Promoted to Senior Associate in 2024 and Director of Investments in 2025, he has played a key role in facilitating over $550 million in transactions.
A Cum Laude graduate of Indiana University, Zach combines academic excellence with practical expertise to deliver exceptional results in commercial real estate.
Cody Hershey, Associate Investments
Originally from New York City and raised in Rumson, New Jersey, Cody graduated from the University of Florida’s Warrington College of Business with both a Bachelor’s degree in Business Administration and a Master of Science in Real Estate (MSRE), completing both degrees in just four years. Prior to joining Marcus & Millichap, he served as a Development and Asset Management Analyst at a private family office, where he was responsible for overseeing investment performance, managing portfolios, and identifying value-add opportunities.
Now based in Fort Lauderdale, Cody leverages his analytical background and market knowledge to help property owners successfully navigate the sales process and maximize value.
Presented by
Bank of America Plaza | 2000 Glades Rd
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