The 131,680-square-foot property consists of two single-tenant net leased buildings.
The three-building Class A portfolio is fully leased to six tenants.
The three Class-A office buildings total 222,682 square feet.
The three-building industrial campus totals 336,852 square feet.
The 304,408-square-foot portfolio was 64 percent leased at the time of sale.
CBRE’s Christian Lee, Chris Riley, José Lobón, Amy Julian, and Royce Rose represented Butters in the transaction.
The office park last sold in 1996 for $15,875,000.
Christian Lee, José Lobón and Marcos Minaya of CBRE Capital Markets, and Jay Adams with Newmark represented the seller, Encore Capital Management, in the transaction.
The deal equates to about $318 a square foot for the nearly 243,000-square-foot complex.
The 10-story building is considered one of the premier office properties in Boca Raton.
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