3400 N Andrews Avenue Ext - Medical FOR SALE


Pompano Beach, FL 33064- Outer Pompano Beach/Deerfield Beach
$5,800,000 USD
561-400-7750
3400 N Andrews Avenue Ext, Pompano Beach, FL for Sale
$5,800,000 USD
Medical - FOR SALE
1/5
null | 7.26% Cap Rate

3400 N Andrews Avenue Ext
Pompano Beach, FL 33064
Outer Pompano Beach/Deerfield Beach


OVERVIEW

Now available for sale, 3402 N Andrews Ave Ext in Pompano Beach presents a compelling ±15,040 SF medical investment opportunity offered at $5,800,000. Built in 2003 on approximately 1.11 acres, the two-story property serves as the headquarters of MedStation, an established multi-location South Florida medical practice. Upon closing, MedStation will enter into a new 10-year absolute NNN lease at $28.00/SF, generating approximately $421,120 in annualized NOI and representing a 7.26% cap rate. Ideally positioned directly on Andrews Avenue Extension near Sample Road and I-95, the property benefits from excellent accessibility and visibility, including signage exposure from the Tri-Rail corridor. With a fresh 10-year lease commencing at closing, an established medical tenant, and a strategic Broward County location, the property offers investors an attractive opportunity to acquire a well-positioned medical asset with long-term income stability. - Call Mark Faeth - 561-716-7819

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$386 USD /SF

CAP RATE

7.26%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sale Leaseback Opportunity

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

B-3

APN/PARCEL ID

48-42-22-19-0031

ASK ABOUT THIS PROPERTY

Chad GottsegenLRM Commercial Real Estate AdvisorsMore Info
561-400-7750

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Chad GottsegenLRM Commercial Real Estate AdvisorsMore Info
561-400-7750

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