Cheesecake Factory and Office Building Near Boca Raton Mall Sold for $32M, Nearly Tripling in Value

A prime property near Boca Raton’s Town Center Mall, home to a busy Cheesecake Factory and a six-story office building, has been sold for $32 million, marking a substantial increase from its previous sale price of $13.25 million in 2001. After a long-term hold, the property's value has nearly tripled, reflecting the growing demand for commercial real estate in this popular area.

The 6.6-acre site includes a 71,865-square-foot office building, built in 1980, which houses prominent tenants such as Flagstar Bank/AmTrust, Shafer Cohen LLP, and Town Center Executive Suites. While much of the building is leased, 11,688 square feet remains available, with an asking rate of $26 per square foot, according to a recent listing.

The Cheesecake Factory, occupying a 14,204-square-foot restaurant building also constructed in 1980, continues to draw a steady stream of patrons, contributing to the appeal of the property. For many office tenants, being located near popular dining and shopping destinations like Town Center Mall is a major perk, making this site particularly desirable.

This sale highlights the increasing value of commercial properties in high-traffic, amenity-rich areas like Boca Raton, where proximity to retail and dining options enhances both tenant demand and property value.

Reach out to The Mastropieri Group today to embark on your real estate journey with our expert realtors in Boca Raton. Give us a call at 561-544-7000 to discuss how we can assist you in achieving your real estate goals. Whether you're buying, selling, or looking for investment opportunities, our team is ready to offer expert advice and support to help you navigate the dynamic South Florida real estate market. Let us put our expertise to work for you and turn your real estate ambitions into reality.

Homes for Sale in South Florida

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$3,100,000

898 Azalea St, Boca Raton

4 Beds 3 Baths 3,601 SqFt Residential MLS® # RX-10964558

$2,825,000

650 Shore Dr, Boynton Beach

4 Beds 3 Baths 3,026 SqFt Residential MLS® # RX-10973361

$2,250,000

3724 Diane Dr, Boynton Beach

5 Beds 5 Baths 4,466 SqFt Residential MLS® # RX-10967279

$1,699,900

19091 Fox Landing Dr, Boca Raton

4 Beds 4 Baths 4,752 SqFt Residential MLS® # RX-10960176

$1,599,000

398 Sw 13th Pl, Boca Raton

3 Beds 3 Baths 1,854 SqFt Residential MLS® # RX-10973287

$1,490,000

615 Bayshore Dr #303, Fort Lauderdale

3 Beds 3 Baths 2,365 SqFt Residential MLS® # RX-10954112

$1,450,000

1561 Sw 16th St, Boca Raton

4 Beds 3 Baths 2,882 SqFt Residential MLS® # RX-10956438

$1,350,000

1050 Nw 5th Av, Boca Raton

4 Beds 2 Baths 2,317 SqFt Residential MLS® # RX-10964994

$1,300,000

1217 W Royal Palm Rd, Boca Raton

3 Beds 2 Baths 2,244 SqFt Residential MLS® # RX-10966244

$1,299,900

7796 Mandarin Dr, Boca Raton

4 Beds 4 Baths 3,217 SqFt Residential MLS® # RX-10977574

$1,200,000

7455 Fairway Trl, Boca Raton

4 Beds 4 Baths 2,637 SqFt Residential MLS® # RX-10970759

$999,000

4324 S Ocean Blvd #d, Highland Beach

2 Beds 2 Baths 1,411 SqFt Residential MLS® # RX-10956419

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