Florida & Gulf Coast + South Florida + Net Lease | July 13, 2022

The Becker Organization has purchased the net-leased property at 1351 NW Boca Raton Boulevard in Boca Raton, FL for $18.3 million.

Becker Org Homes In on $19M Buy of Clive Daniel Leased Building in Boca

Cushman & Wakefield has arranged the sale of Clive Daniel Home, a 68,389-square-foot single-tenant, net-leased commercial property located along the Glades Road corridor in Boca Raton, FL.

The final sale price was $18.3 million, equating to $267 per square foot.

Scott O’Donnell, Mike Ciadella, Greg Miller, Dominic Montazemi, Miguel Alcivar, Jason Hochman, and Ron Granite of Cushman & Wakefield represented the seller, MB-BW Boca LLC, in the transaction. The selling entity’s operating partner was Malcolm Butters, CEO of Butters Development & Construction. The property was acquired by an affiliate of The Becker Organization.

Since 2016, the retail property has been fully leased by Clive Daniel Home and was developed as a two-story build-to-suit showroom for the company’s South Florida flagship store. Key features include excellent visibility from Glades Road ideal to serving the affluent demographic of Boca Raton and South FL.

Connect

Inside The Story

Cushman & Wakefield

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

Order Reprints