14000 S Military Trl - Medical FOR SALE


Delray Beach, FL 33484- Outer Delray Beach
$9,000,000 USD
561-685-0140
14000 S Military Trl, Delray Beach, FL for Sale
$9,000,000 USD
Medical - FOR SALE
1/28
null | Request Cap Rate

14000 S Military Trl
Delray Beach, FL 33484
Outer Delray Beach


OVERVIEW

On behalf of ownership, CBRE is excited to present the Delray Medical Pavilion for sale. Located at 14000 South Military Trail in Delray Beach, Florida. This 36,923 square-foot medical office building is situated on a prominent 1.96-acre site along South Military Trail, a high-traffic area with approximately 34,500 vehicles passing daily. The Medical Pavilion’s excellent location provides easy access to major routes, including the Florida Turnpike and Interstate 95, making it well-connected to surrounding markets. It is also just a short drive from Delray Medical Center, a well-established healthcare facility featuring a Level 1 trauma center. Originally built in 1987, the Property has been meticulously maintained, especially since 2021, with over $1,000,000 invested in significant upgrades by current ownership. Recent improvements have included landscaping, HVAC systems, elevator enhancements, roof repairs, modernized common areas, and building out high-class speculative medical suites.  The largest tenant in the building has recently vacated, creating a unique opportunity for a medical user to secure their own facility in the high barrier-to-entry Delray Beach submarket while controlling over half of the net rentable space in the building. In addition to its proximity to Delray Medical Center, the Pavilion is surrounded by a wealth of amenities that enhance its appeal to tenants and clients. Within a 5-minute drive, there are multiple shopping centers, including popular grocery stores like Publix, Walmart and Sprouts. Other nearby conveniences include pharmacies, dining options, and banking services. Downtown Delray Beach, known for its vibrant shopping and dining scene as well as beautiful beach access, is also just a 10-minute drive away. This offering presents an outstanding opportunity for investors and users in the medical office sector. With recent updates, an above-market availability of space, and a strategic location, the Pavilion is poised to be a valuable addition to any real estate portfolio. The property is also available for lease.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$244 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Delray Medical Pavilion

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

128

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,378 SF

ZONING

POC

APN/PARCEL ID

12-42-46-13-22-001-0000

ASK ABOUT THIS PROPERTY

561-685-0140

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561-685-0140

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