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Paragon Business Center 951 Broken Sound Pky 85,610 SF 96% Leased Office Building Boca Raton, FL 33487 For Sale

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INVESTMENT HIGHLIGHTS

  • High Quality Multi-Purpose Asset: ±85,610 SF, single-story flex/office asset with redevelopment potential on ±8.74 acres in the Park at Broken Sound.
  • Stabilized Rent Roll + Strong Tenancy: Stabilized rent roll anchored by national tenants providing strong cash flows.
  • Upside and Future Redevelopment Potential: Mark to market upside (in-place rents are 15-20% below market) and potential to develop multifamily.
  • Exceptional Accessibility: Prominent Broken Sound location with immediate I-95 access and surrounding amenities.

EXECUTIVE SUMMARY

On behalf of ownership, the Colliers | South Florida Investment Services Team, as the exclusive agent, is pleased to present for sale the Paragon Business Center (the “Property”), a ±85,610 square foot flex/office building located at 951 NW Broken Sound Parkway in Boca Raton, FL. Built in 1986, the Property sits on ±8.74 acres of land strategically located in the prestigious Park at Broken Sound.
The flex/office asset with redevelopment potential features store front entrances with zero loss factor, covered parking, two loading bays, and individual and monument signage. The strategic location provides free shuttle service from the Tri-Rail, and is proximate to numerous shopping centers, hotels, restaurants, and other amenities.
Currently 93.6% leased, the Property offers upside potential by bringing the current rent roll to market rates (in-place base rents 15-20% below market) while providing robust in-place cash flows. The current rent roll features a strong tenant mix of national tenants including Toll Brothers, US Installation Group, and CSPI Technology Solutions (Modcomp) with a Weighted Average Lease Term (WALT) of over 5.5 years.
Boca Raton’s recent establishment of procedures and regulations for the development of multifamily projects within the LIRP zoning districts (Commercial Industrial Mulitfamily Developments or “CIMD”) make this nearly nine-acre site an excellent candidate for future redevelopment.
Tenant and visitor convenience is supported by ample parking and immediate access to I-95, positioning Paragon Business Center 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.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
85,610 SF
Building Class
B
Year Built
1986
Percent Leased
96%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
85,610 SF
Building FAR
0.22
Lot Size
8.74 AC
Zoning
LIRP - Office Building
Parking
295 Spaces (3.4 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Cambridge
  • -
  • -
  • -
  • Triple Net
  • Oct 2025
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

Since 1968, CSPi has been partnering with their customers to help them meet their most demanding performance, availability, and security requirements by maximizing and enhancing the use of their network infrastructure, applications, and services. CSPi operates two divisions: High-Performance Products and Technology Solutions. Each division delivers unique expertise in designing and implementing technology solutions to help their customers drive business success.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

Konica Minolta, Inc. is a Japanese multinational technology company headquartered in Tokyo, Japan. The company traces its origins to 1873 and was officially established in its current form in 2003 following the merger of Konica and Minolta. It operates globally in sectors including digital workplace solutions, professional printing, healthcare imaging, and industrial sensing. Konica Minolta develops and manufactures multifunction printers, production print systems, optical devices, and diagnostic imaging systems, alongside IT services and IoT-based solutions. The company is publicly traded on the Tokyo Stock Exchange under ticker symbol TYO:4902 and employs over 35,000 people worldwide. Its U.S. subsidiary, Konica Minolta Business Solutions U.S.A., is based in Ramsey, New Jersey. Over its long history, Konica Minolta has evolved from photographic materials to advanced digital technologies, maintaining a focus on innovation and sustainability.

  • No Cost ACA
  • -
  • -
  • -
  • Triple Net
  • May 2026
  • Manufacturing
  • -
  • -
  • -
  • -

NovaVision® provides vision solutions targeted at this substantial and largely un-addressed group of people who have lost their sight as a result of Stroke, Traumatic Brain Injury (TBI) or other neurological brain damage. NovaVision has a family of therapies that both restore and help compensate and re-train for vision loss. NovaVision’s Vision Restoration Therapy (VRT) is a therapy specifically developed to help restore lost vision resulting from Stroke or TBI, and is carried out in the comfort of a patient’s home. NovaVision’s VRT is the only FDA Cleared (510k) therapy targeted at the restoration of this type of vision loss. VRT is underpinned by 15 years of research and over 20 studies, including a 302 patient study in which notable improvements were seen in 70% of the patients.

  • Construction
  • -
  • -
  • -
  • Jul 2024

Toll Brothers founders Bob and Bruce Toll started this award-winning Fortune 500 company in 1967. Embracing an unwavering commitment to quality and customer service, Toll Brothers currently builds in 24 states nationwide and is a publicly owned company with its common stock listed on the New York Stock Exchange (NYSE: TOL). Throughout Toll Brothers history, the company has been proud to receive recognition as a leader in home building. In 2025, Toll Brothers marked 10+ years in a row being named to the Fortune World's Most Admired CompaniesTM list** and the Company's Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron's magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine.

  • Construction
  • -
  • -
  • Triple Net
  • May 2023

US Installation Group has been an exclusive provider of Installation Services for The Home Depot for over twenty years. USIG was founded in New York in 1991. Throughout the company’s twenty year plus partnership with The Home Depot, USIG has been consistently ranked as one of the top service providers. Over the years US Installation Group has expanded into markets across the United States from Arizona to New York and many states in between. The Company continues to provide the highest quality installation and renovation service to The Home Depot Customers. USIG was founded on the guiding principle that customers always come first. US Installation Group’s performance has been rewarded by being named the Top Flooring Provider of the Year and receiving several Service Provider Excellence Platinum awards. USIG continues to be ranked as one of the top flooring and renovation installation providers in the country.

  • Manufacturing
  • -
  • -
  • Triple Net
  • Jun 2020

Vycor Medical, Inc. is dedicated to providing the medical community with innovative and superior neurosurgical and neurotherapeutic solutions. Vycor is guided by a pre-eminent world class Scientific Advisory Team and the Company has a growing portfolio of FDA-cleared medical solutions that are changing lives every day. Vycor Medical operates two distinct but complementary business units. Vycor Medical designs, develops and markets medical devices for use in neurosurgery. NovaVision develops non-invasive, computer-based light stimulation therapies for those suffering from vision loss resulting from neurological trauma such as stroke.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Cambridge - - - Triple Net Oct 2025
Professional, Scientific, and Technical Services - - - -
Professional, Scientific, and Technical Services - - - -
No Cost ACA - - - Triple Net May 2026
Manufacturing - - - -
Construction - - - Jul 2024
Construction - - Triple Net May 2023
Manufacturing - - Triple Net Jun 2020

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 135
  • 5,520 SF
  • Office
  • Partial Build-Out
  • Now

Located in the prestigious Park at Broken Sound, Suite 135 at Paragon Business Center offers a rare opportunity to lease a fully tenant-controlled office/flex space in one of Boca Raton’s most sought-after business districts. This single-story suite features direct storefront access, monument signage availability, and a zero-loss factor layout, ensuring maximum efficiency and visibility for tenants.

Space Size Space Use Condition Available
1st Fl-Ste 135 5,520 SF Office Partial Build-Out Now

1st Fl-Ste 135

Size
5,520 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 135

Size 5,520 SF
Space Use Office
Condition Partial Build-Out
Available Now

Located in the prestigious Park at Broken Sound, Suite 135 at Paragon Business Center offers a rare opportunity to lease a fully tenant-controlled office/flex space in one of Boca Raton’s most sought-after business districts. This single-story suite features direct storefront access, monument signage availability, and a zero-loss factor layout, ensuring maximum efficiency and visibility for tenants.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-42-47-01-06-018-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$13,725,399
  • Listing ID: 38319405

  • Date on Market: 11/4/2025

  • Last Updated:

  • Address: 951 Broken Sound Pky, Boca Raton, FL 33487

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