Deal reflects recent interest in redevelopment of the Boynton Beach commercial corridor
PLANTATION, Fla., December 20, 2024 – Franklin Street, serving greater South Florida, announces it has brokered the sale of a vacant medical building at 715 W. Boynton Beach Blvd. in Boynton Beach. The property was listed by Franklin Street and closed on Wednesday, December 18, 2024 for $2.565 million. FA Investments, LLC purchased the property from SS & F Boynton Beach Acquisition, Inc.
Built in 1990, with frontage on W. Boynton Beach Blvd., the property was formerly a dental and medical office. The new owners plan to renovate a portion of the property for their use as a dental practice, and lease the remaining space to medical users. The property is .88 acres and comprises a 5,768-square-foot multi-tenant building along with a large, 31-space parking lot. The Florida Department of Transportation recently announced it will widen W. Boynton Beach Blvd. in both directions.
“This prime medical property is in a growing community with an increasing demand for space, which resulted in a near record high on price per square foot,” said Justin Walker, listing lead and senior director of retail investment sales at Franklin Street’s South Florida office. “The Boynton Beach corridor is an attractive area for redevelopment and repositioning, as it has strong population demographics, sustained rental growth, and historically low vacancy rates. The commercial market is expanding and we expect that to accelerate in 2025.”
Franklin Street’s South Florida office brokered the sale of the property which included its retail investment sales team, leasing team, and the capital team which secured the funding for the purchase.
“Franklin Street delivered a full-service solution for the client,” said Dan Dratch, regional managing director of Franklin Street South Florida. “This deal represents three major real estate services that were crucial to the success of this sale for the seller and to the new owners.”
Boynton Beach is emerging as a vibrant and attractive real estate market in Palm Beach County within South Florida. The city benefits from its proximity to major metro areas and access to I-95 and the Turnpike, offering easy commutes to West Palm and Ft. Lauderdale while offering residents a more relaxed suburban area. Boynton Beach has experienced a steady rise in property values related to increased demand and low inventory.
About Franklin Street
Founded in 2006 during one of the toughest real estate climates, Franklin Street is focused on delivering value-added solutions to meet the evolving needs of clients. Through a collaborative philosophy of leveraging the resources, expertise, and experience of each of its lines of business, Franklin Street has grown to include seven business divisions – Investment Sales, Tenant and Landlord Representation, Capital Advisory, Insurance, Property Management, and Project Management. With $10 billion in transaction value across all major product types, Franklin Street offers unmatched value and optimal solutions for clients nationwide. Headquartered in Tampa, Florida, the firm has teams located in top markets throughout the country and works with owners and occupiers of commercial real estate nationwide. Learn more about Franklin Street at FranklinSt.com.
