55 NE 5th Ave

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55 NE 5th Ave

Boca Raton, FL 33432
Asking Price
$1.20M
Asset Type
Office
Class
Class B

What's Special

Located at 55 NE 5th Avenue, this office property is situated in the downtown core of Boca Raton, Florida. The surrounding neighborhood is characterized by a mix of corporate offices, upscale residential developments, and professional services. The site offers immediate proximity to the Mizner Park district, providing walkable access to various dining, retail, and cultural amenities. For transportation, the property is positioned near major thoroughfares including Federal Highway and Palmetto Park Road, with the Brightline Boca Raton station located less than one mile away. The building is suited for professional service firms, such as legal practices, financial advisories, and real estate agencies, seeking a central business district presence. Its layout and location accommodate boutique firms or corporate satellites requiring a functional environment with visibility in a high-traffic regional hub. The property typically attracts established tenants that prioritize accessibility for local clientele and close proximity to the city’s executive residential corridors and municipal services.

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NOI
$80,000
Cap Rate
6.69%
DSCR
1.13
Tight
Cash-on-Cash
2.53%
Monthly Payment
$5,912.208
Annual Cash Flow
$9,053.504

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