Michael Rauch and Tom Robertson, Senior Managing Partners with CRE Florida Partners, represented the owners, MDS Builders, in the sale of an office building located within Boca Raton Professional Plaza at 301 Crawford Blvd. in Boca Raton.
The office building sold for $2,700,000 ($180 per square foot) with a cap rate of 6.4%.
The 1979-built 2-story office building, which is located in the heart of Downtown Boca Raton’s business district, totals ±15,004 square feet and is 100% occupied. It has recently been updated and renovated.
“The property has a solid mix of local, well established tenants, very low deferred maintenance and a class “A” location, making it an attractive purchase,” commented Rauch.
CRE Rauch, Robertson & Co. is seeking leasing and investment sales professionals for its growing commercial real estate expansion in Broward and Palm Beach counties. Multiple positions are available within these and other Florida markets that offer a unique ground floor career opportunity to work closely with the firm’s Founders Tom Robertson and Michael Rauch to move their vision for the CRE Florida Partners brand forward. Commission and benefits are commensurate with experience. A Florida Real Estate License and Commercial Real Estate experience are required. Only qualified candidates should apply by forwarding resumes to firstname.lastname@example.org.