21301 Powerline Rd | Boca Raton, FL 33433
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21301 Powerline Rd
Boca Raton, FL 33433
Grove Centre · Office Property For Sale
Investment Highlights
- Along Boca Raton’s high-traffic Powerline Road corridor, offering visibility, access, and long-term positioning in a high-barrier-to-entry market.
- Approximately 38% of the property is leased to independent medical practices, generating steady daily traffic and durable, recession-resistant income.
- Proximity to major employment centers, healthcare facilities, and educational institutions enhances daily foot traffic and user convenience.
- Currently 80.5% leased to a balanced mix of national and regional tenants, delivering stable, income-producing performance with upside potential.
- Surrounded by affluent residential neighborhoods with average household incomes exceeding $150,000, supporting long-term tenant demand.
- Part of the Powerline Portfolio, a rare opportunity to acquire scale through four premier mixed-use assets totaling over 510,000 square feet.
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
54,400 SF
Building Class
C
Year Built/Renovated
1983/1995
Percent Leased
83%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
18,133 SF
Building FAR
0.36
Lot Size
3.46 AC
Zoning
CS - Commercial
Parking
268 Spaces (4.34 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Balcony
Property Taxes
| Parcel Number | 00-42-47-22-46-001-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $12,044,141 |
Property Taxes
Parcel Number
00-42-47-22-46-001-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$12,044,141
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