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City National Bank Plaza 7000 W Palmetto Park Rd 131,945 SF 96% Leased 4-Star Office Building Boca Raton, FL 33433 For Sale
INVESTMENT HIGHLIGHTS
- At a high-traffic, signalized intersection in Boca Raton, offering exceptional visibility and long-term positioning in a supply-constrained market.
- Approximately 25% of the tenancy consists of independent medical providers, delivering consistent traffic and recession-resistant cash flow.
- Investors benefit from a ±2.25-acre development parcel with approvals in place for a 30,000-square-foot plaza and additional mixed-use potential.
- With 93.2% occupancy and a tenant mix anchored by financial, medical, and national retail users, the property generates stable, diversified income.
- Surrounding demographics, featuring average household incomes over $150,000, support ongoing rent growth and tenant demand.
- As part of the Powerline Portfolio, this asset offers scalability and portfolio-level value in one of South Florida’s most affluent corridors.
EXECUTIVE SUMMARY
City National Bank Plaza is a 131,945-square-foot mixed-use office and retail asset at the signalized intersection of Palmetto Park Road and Powerline Road in Boca Raton, Florida. This high-visibility property includes two outparcels and is strategically positioned within one of South Florida’s most affluent and rapidly growing communities. The center is currently 93.2% leased to a high-quality and diversified tenant mix, including national brands such as City National Bank, McDonald’s, and Bagel Boss, as well as essential service providers like Physician Care Centers. Notably, approximately 25% of the property’s income is derived from independent medical practices, offering investors durable, recession-resistant cash flow and consistent daily activity.
The property benefits from 231 feet of frontage on Palmetto Park Road and enjoys substantial daytime traffic with direct access to significant employment, education, and healthcare nodes. Its location within a dense commercial corridor, combined with Boca Raton’s robust demographics, where average household incomes exceed $150,000, supports continued rent growth and sustained tenant demand. With its high occupancy, essential-service tenant base, and prime positioning in a high-barrier-to-entry market, City National Bank Plaza represents a compelling opportunity to acquire a stable, income-producing asset with long-term upside potential.
Additionally, the offering includes a ±2.25-acre surface lot approved for a 30,000-square-foot retail plaza with structured parking. Zoned within a Planned Unit Development (PUD), the site also permits by-right mixed-use or residential development, with the potential for increased density through Transfer of Development Rights (TDRs) and workforce housing bonuses.
City National Bank Plaza is part of the Powerline Portfolio, a curated 510,155-square-foot collection of mixed-use assets along Powerline Road in Boca Raton. The portfolio includes:
City National Bank Plaza, including the McDonald’s outparcel
Fountains Center at Powerline Road & W Camino Real
The Boardwalk at Powerline Road & SW 18th Street
Grove Centre at Powerline Road & Boca Grove Boulevard
All properties within the Powerline Portfolio are available for individual sale or as a portfolio.
Call for Offers – June 13, 2025
The property benefits from 231 feet of frontage on Palmetto Park Road and enjoys substantial daytime traffic with direct access to significant employment, education, and healthcare nodes. Its location within a dense commercial corridor, combined with Boca Raton’s robust demographics, where average household incomes exceed $150,000, supports continued rent growth and sustained tenant demand. With its high occupancy, essential-service tenant base, and prime positioning in a high-barrier-to-entry market, City National Bank Plaza represents a compelling opportunity to acquire a stable, income-producing asset with long-term upside potential.
Additionally, the offering includes a ±2.25-acre surface lot approved for a 30,000-square-foot retail plaza with structured parking. Zoned within a Planned Unit Development (PUD), the site also permits by-right mixed-use or residential development, with the potential for increased density through Transfer of Development Rights (TDRs) and workforce housing bonuses.
City National Bank Plaza is part of the Powerline Portfolio, a curated 510,155-square-foot collection of mixed-use assets along Powerline Road in Boca Raton. The portfolio includes:
City National Bank Plaza, including the McDonald’s outparcel
Fountains Center at Powerline Road & W Camino Real
The Boardwalk at Powerline Road & SW 18th Street
Grove Centre at Powerline Road & Boca Grove Boulevard
All properties within the Powerline Portfolio are available for individual sale or as a portfolio.
Call for Offers – June 13, 2025
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
131,945 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1986/2020
Percent Leased
96%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
21,991 SF
Building FAR
0.41
Lot Size
7.30 AC
Zoning
CG - Commercial General
Parking
350 Spaces (2.65 Spaces per 1,000 SF Leased)
AMENITIES
- Banking
- Property Manager on Site
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| 3rd Fl-Ste 308 | 3,952 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 500A | 813 SF | Office | Full Build-Out | Now |
3rd Fl-Ste 308
| Size |
| 3,952 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 500A
| Size |
| 813 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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3rd Fl-Ste 308
| Size | 3,952 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
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5th Fl-Ste 500A
| Size | 813 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Walk Score®
Very Walkable (79)
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
1 Mile
3 Mile
5 Mile
2020 Population
16,945
118,811
305,215
2024 Population
16,552
123,786
310,312
Population Growth '20-'24
-2.3%
4.2%
1.7%
2020 Households
7,102
52,132
126,599
2024 Households
6,748
54,292
128,766
Household Growth '20-'24
-5.0%
4.1%
1.7%
Average Age
43
47
44
Median Household Income
$76,593
$64,714
$68,082
Daytime Employees
9,177
63,517
200,674
Total Businesses
1,382
8,015
24,342
College Degree + Higher
49%
45%
42%
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| McDonald's | - | - | 2 min walk |
| The Original Brooklyn Water Bagel Co. | - | - | 3 min walk |
| Jersey Mike's Subs | - | - | 4 min walk |
| Chipotle | - | - | 4 min walk |
| Starbucks | Cafe | $ | 5 min walk |
RETAIL |
||
|---|---|---|
| City National Bank of Florida | Bank | In Building |
| Health Mart Pharmacy | Drug Store | 3 min walk |
| Club Pilates | Fitness | 5 min walk |
| Publix | Supermarket | 5 min walk |
| The UPS Store | Business/Copy/Postal Services | 5 min walk |
HOTELS |
|
|---|---|
| Renaissance |
189 rooms
8 min drive
|
| Hilton |
199 rooms
8 min drive
|
| Marriott |
259 rooms
9 min drive
|
| Fairfield Inn |
101 rooms
12 min drive
|
| SpringHill Suites |
146 rooms
13 min drive
|
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $33,410,721 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$33,410,721
ABOUT THE SELLER
Read More
OTHER PROPERTIES IN THE TITAN GENERAL PARTNERS, LLC PORTFOLIO
SALE ADVISOR
SALE ADVISOR
Nelson Garcia, Managing Partner
Nelson Garcia is a co-founder and managing partner at RARE CRE, with over 14 years of experience in commercial real estate and capital markets.
Previously, Nelson co-founded G2 Wireless, a telecommunications and media company specializing in the strategic acquisition of wireless rights and the innovative development and monetization of carrier-grade Wi-Fi networks throughout the Caribbean and Latin America.
Before his foray into the telecommunications domain, Nelson ran a consulting company. His multifaceted portfolio included advising on commercial real estate debt and equity financing transactions exceeding $150 million, spearheading the development of an online crowdfunding platform for a multinational conglomerate, and providing invaluable insights for operational and systems optimization to numerous commercial real estate investment and development firms.
Nelson's entrepreneurial journey was preceded by a career in real estate private equity and investment banking. His role at CGI Merchant Group left an enduring impact, as he played a pivotal part in the acquisition, development, and financing of over 2 million square feet of commercial, multifamily, and hospitality projects.
Nelson is a licensed real estate broker and has a Bachelor's degree with a finance and real estate specialization from Florida International University, where he was a member of the FIU Rugby team. In his leisure moments he enjoys spending time with his family, mountain biking, distance running, and playing golf.
He is passionate about helping his clients achieve their goals, whether it involves embarking on their maiden development project or making the most substantial acquisition of their careers. Nelson strives to continuously deliver exceptional service and unmatched expertise to every client he has the opportunity to work with.
Previously, Nelson co-founded G2 Wireless, a telecommunications and media company specializing in the strategic acquisition of wireless rights and the innovative development and monetization of carrier-grade Wi-Fi networks throughout the Caribbean and Latin America.
Before his foray into the telecommunications domain, Nelson ran a consulting company. His multifaceted portfolio included advising on commercial real estate debt and equity financing transactions exceeding $150 million, spearheading the development of an online crowdfunding platform for a multinational conglomerate, and providing invaluable insights for operational and systems optimization to numerous commercial real estate investment and development firms.
Nelson's entrepreneurial journey was preceded by a career in real estate private equity and investment banking. His role at CGI Merchant Group left an enduring impact, as he played a pivotal part in the acquisition, development, and financing of over 2 million square feet of commercial, multifamily, and hospitality projects.
Nelson is a licensed real estate broker and has a Bachelor's degree with a finance and real estate specialization from Florida International University, where he was a member of the FIU Rugby team. In his leisure moments he enjoys spending time with his family, mountain biking, distance running, and playing golf.
He is passionate about helping his clients achieve their goals, whether it involves embarking on their maiden development project or making the most substantial acquisition of their careers. Nelson strives to continuously deliver exceptional service and unmatched expertise to every client he has the opportunity to work with.
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City National Bank Plaza | 7000 W Palmetto Park Rd
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