Courtyard at Broken Sound 851 Broken Sound Pky NW 59,212 SF 74% Leased Office Building Boca Raton, FL 33487 For Sale

On behalf of ownership, the Colliers | South Florida Investment Services Team, as the exclusive agent, is pleased to offer for sale the Courtyard at Broken Sound (the “Property”), a ±59,212 square foot Class A office property located at 851 NW Broken Sound Parkway in Boca Raton, FL. Built in 1987 and recently renovated, the Property presents a rare opportunity to acquire a value-add office property strategically located in the prestigious Park at Broken Sound.
Currently 79% leased, the Property offers immediate upside potential through lease-up and lease restructuring initiatives. The Property features a mix of small suites with below market rents and shorter weighted average lease term (WALT), allowing for near-term rental rate increases that can drive value growth. Additionally, there is a significant opportunity to convert existing gross leases to NNN structures, enhancing net operating income by transferring expense obligations to tenants. The flexible LIRP zoning also allows for potential medical office conversion to push rents even further.
The Property offers modern, innovative office spaces featuring sleek, open common areas designed to foster collaboration and productivity in a calming, zen-inspired atmosphere. With cutting-edge amenities and a contemporary aesthetic, Courtyard provides an elevated workspace environment ideal for professionals seeking a high-quality, forward-thinking office setting.
Tenant and visitor convenience is supported by ample parking and immediate access to I-95, positioning Courtyard at Broken Sound as a highly accessible and attractive office destination in Boca Raton’s competitive market. The Property presents a unique opportunity for investors looking for robust cash flow with significant upside and a highly sought after location within the Park at Broken Sound.