399 NW 2nd Ave

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399 NW 2nd Ave

boca-raton, FL 33432
Asking Rate
Contact for rate
Asset Type
Office
Class
Class B

What's Special

399 NW 2nd Ave is located in the downtown residential and commercial corridor of Boca Raton, Florida. Positioned just north of Palmetto Park Road and west of Federal Highway, the property offers proximity to the Mizner Park lifestyle center and the Royal Palm Place shopping district. The surrounding neighborhood features a mix of corporate offices, upscale retail, and diverse dining options. Access to the site is supported by its location near Brightline’s Boca Raton station and major thoroughfares, providing connectivity to the wider South Florida region. The property is suited for professional services, boutique firms, or regional satellite offices. Given its location in an established business hub, typical tenants include legal practices, financial advisors, creative agencies, and real estate firms. The building’s layout supports occupancy by small to mid-sized teams looking for a centralized office presence. Its proximity to both residential neighborhoods and commercial amenities aligns with the requirements of firms prioritizing employee convenience and client accessibility in a professional setting.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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