6199 N Federal Hwy

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6199 N Federal Hwy

Boca Raton, FL 33487
Asking Price
$7.90M
Asset Type
Office
Class
Class B

What's Special

6199 N Federal Hwy is situated in the northern business corridor of Boca Raton, a primary north-south artery in Palm Beach County. The property occupies a prominent position within a high-traffic commercial district characterized by a mix of corporate centers and upscale residential neighborhoods. It is located near the Yamato Road interchange, providing direct access to Interstate 95 and the Boca Raton Tri-Rail station. The immediate vicinity features a variety of professional amenities, including banking institutions, fitness centers, and diverse dining options ranging from casual cafes to national retailers. This asset is designed to accommodate professional and executive office uses. The location is well-suited for businesses seeking a suburban office environment with significant street visibility and ease of access for commuting staff. Typical tenants include legal firms, financial services providers, healthcare administrators, and regional sales offices. The efficient floor plates and proximity to executive housing make it a strategic choice for established local enterprises and expanding firms looking to maintain a presence in the South Florida market.

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NOI
$80,000
Cap Rate
1.01%
DSCR
0.17
Underwater
Cash-on-Cash
-16.41%
Monthly Payment
$39,084.89
Annual Cash Flow
$-389,018.675

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