Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to offer the opportunity to acquire 3010 Military, (the “Property”), a 30,000-rentable-square-foot, newly renovated, Class A medical office building strategically located in the affluent heart of BocaRaton, Florida. The Property was upgraded in 2016 with high-quality capital improvements, including a modern interior upgrade and brandnew doors and building systems, providing the building with a contemporary, upscale appeal; and its two spacious second-floor patios run the full length of the building. The building is currently 100-percent occupied by five tenants. 3010 Military is conveniently located on North Military Trail, situated between Yamato Road and Glades Road in Boca Raton. It is located on one of Boca Raton’s premier thoroughfares, with some of the best highway, rail and airport access available. The Property is just a few miles from the new Brightline Station on Palmetto Park Road and features an above-average parking ratio of 5.70 spaces per 1,000 rentable square feet, thanks to its substantial surface parking and additional garage parking with building access. The prime location is just minutes from Interstate 95, providing easy access to restaurants and service establishments in the surrounding area and all of South Florida. 3010 Military represents an opportunity for an investor to acquire a fully occupied asset, generate immediate cash flow in the high-demand market of Boca Raton with a weighted average remaining lease term of just under six years, and benefit from future growth through rental increases. 3010 Military also presents a rare opportunity to expand with the potential to develop an additional 7,000-square-foot annex building, as approved plans are already in place. This provides an ideal situation for an investor or owner-user to acquire a stabilized office building with substantial cash flow while constructing a space for further growth and revenue potential. The Property's prime location near Interstate 95 in the upscale and high-demand market of Boca Raton makes it a perfect choice for a corporate or regional headquarters.