- 20841 S State presents a compelling investment, especially when seeking a highly trafficked, institutional-quality asset in a desirable location. Through a 721 contribution, CIRE can take advantage of a 42k SF vacant HHGregg anchor suite at this prime location, providing ample space for a range of potential tenants.
- One of the key strengths of 20841 S State is the long-term net lease to a national credit tenant with contractual rent growth and strong financials. This ensures steady and reliable cash flow over the long term, making it an attractive option for those looking to build a stable and diversified real estate portfolio.
- Moreover, the hard RCD date just 14 months after closing escrow helps limit exposure to delayed build-out and ensure timely completion of tenant improvements, further enhancing the asset’s value and income potential.
- With its prime location and strong tenant demand, 20841 S State is expected to generate significant institutional interest upon exit, making it a highly liquid product to maximize returns.
- Overall, this is an excellent opportunity for CIRE to capitalize on the demand for high-quality retail space in a prime location.
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20841 S State
20841 FL-7 Boca Raton, FL 33428
About
Property Type
Retail
SF/Acres
100,000
Submarket
Year Built/Renovated
1997
CBSA/Submarket
Tenant Highlights
20841 FL-7 Boca Raton, FL 33428
20841 S State presents a compelling investment, especially when seeking a highly trafficked, institutional-quality asset in a desirable location.
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20841 S State
