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,…
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