201 N Pine Island Rd - Medical FOR SALE


Plantation, FL 33324
$14,239,863 USD
407-557-3848
201 N Pine Island Rd, Plantation, FL for Sale
$14,239,863 USD
Medical - FOR SALE
1/6
null | 5.85% Cap Rate

201 N Pine Island Rd
Plantation, FL 33324


HIGHLIGHTS

  • Absolute Triple Net Lease Structure-Allows for Passive Ownership
  • New 10-Year Lease Executed in May 2025-Features One Ten-Year Option to Renew
  • Beneficial Rental Increase Schedule Provides Cash Flow Growth and Appreciation-3% Annual Increases Throughout Base Term and Option Period
  • Established Practice with Strong Guarantor Financial Performance Multiple Company Guarantee Structure Nearly $25MM Net Income
  • Ample Physician Count with Multiple Specialties-Five Surgeons Offering Services in Neurology, Orthopedics, and Spine
  • Immediate Area Features Consistent Population Growth and Strong Economic Demos

OVERVIEW

Absolute Triple Net Lease Structure that Allows for Passive Ownership New 10-Year Lease Executed in May 2025 Features One Ten-Year Option to Renew Beneficial Rental Increase Schedule Provides Cash Flow Growth and Appreciation 3% Annual Increases Throughout Base Term and Option Period Established Practice with Strong Guarantor Financial Performance Multiple Company Guarantee Structure Nearly $25MM Net Income Securing Lease Location is Responsible for Nearly Half of Total Revenue of Company Across Eight Locations Exceptionally Low Rent/Revenue for Individual Location at 3.9% for FY-2025 Ample Physician Count with Multiple Specialties Five Surgeons Offering Services in Neurology, Orthopedics, and Spine Immediate Area Features Consistent Population Growth and Strong Economic Demos 387,000+ People within 5-Mile Radius Average Household Income of $113,000+ within 1 Mile Radius Significant Cap Ex Taking Place of $130,000+ New Roof, Paint and Stucco of Exterior Parking Overlay, Seal and Stripe Major Medical and Commerce Sector of Broward County Baptist Health Wellness & Medical Complex: This 112,000 SF, Four-Story Facility is Baptist Health’s Largest in Broward County Houses an Urgent Care Center and Specialized Care for Cardiology, Orthopedics, and Cancer HCA Florida Westside Hospital: A major full-service, 250-bed hospital providing a wide range of emergency, surgical, and specialized medical services UHealth Plantation (University of Miami Health System): Brings top-tier Miami-based specialists to central Broward. It is home to the Bascom Palmer Eye Institute (the nation's top-ranked eye hospital) and the Sylvester Comprehensive Cancer Center

FOR SALE DETAILS

PRICE

$14,239,863 USD

PRICE/SF

$946 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

City Surgery Center - Hospital Adjacent

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

SP1-3

APN/PARCEL ID

50-41-04-32-0021

ASK ABOUT THIS PROPERTY

Spencer KochMarcus & MillichapMore Info
407-557-3848

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Spencer KochMarcus & MillichapMore Info
407-557-3848

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.