6717 Realty Associates LLC, 229 Park Avenue Realty LLC & Park N. Clinton LTD Acquire Boca Raton Retail Property For $5.36M

The sale of Curaleaf, a single-tenant retail property in Boca Raton, has been announced. The property is located at 7875 Glades Road and sits on a one-acre plot. It features a renovated building and boasts a total square footage of 7,147. The transaction took place on 07/05/2023, with the property being sold for $5,360,000, resulting in a price per square foot of $750. The property is situated near prominent locations like Boca Town Center Mall and Florida Atlantic University.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $5,360,000
• Address: 7875 Glades Road
• Market: Boca Raton
• ACRES: 1
• Buyer: 6717 Realty Associates LLC, 229 Park Avenue Realty LLC & Park N. Clinton LTD
• Seller: BCC 100 LLC, BCC 305 LLC & BCC 7777 Associates, L.P
• Broker: Douglas K. Mandel & Tyler S. Kuhlman - Marcus & Millichap

The sale of Curaleaf was facilitated by brokers Douglas K. Mandel and Tyler S. Kuhlman, who represented the buyer and seller respectively. Marcus & Millichap handled the transaction. The location of the property, in close proximity to Boca Town Center Mall and Florida Atlantic University, makes it a highly desirable investment opportunity in the retail market of Boca Raton.