3737 Pine Island Rd - Medical FOR SALE


Sunrise, FL 33351
$3,986,592 USD
914-216-3574
3737 Pine Island Rd, Sunrise, FL for Sale
$3,986,592 USD
Medical - FOR SALE
1/3
null | 6.75% Cap Rate

3737 Pine Island Rd
Sunrise, FL 33351


HIGHLIGHTS

  • Fully occupied investment property for sale.

OVERVIEW

100% leased free-standing single-tenant eye surgery center leased to Baptist Health surgery and endoscopy centers. The ambulatory surgery center, located at 3737 N. Pine Island Road in Sunrise, specializes in cataract surgery and intraocular lens implants, femtosecond laser (optimizes the precision, safety and control of traditional cataract surgery), YAG laser procedures, cornea transplants, blepharoplasty/eyelid revision procedures and retina procedures. Baptist purchased the highly-profitable eye surgery center business at this location in 2014. The original 10-year lease was just renewed by Baptist for another 5 years. The lease is a NN lease with the landlord only responsible for roof and structure. Baptist Eye Surgery Center in Sunrise is a high-traffic location with nearby traffic counts of 40,000 and 60,000 plus ADT and 184,008 population in the 3-mile radius & 426,021 in the 5-mile radius. Sunrise is undergoing tremendous population growth. Broward County/Greater Fort Lauderdale is a metropolitan area of 31 municipalities and nearly 2 million people that fosters and promotes business attraction, expansion and new capital investment. Greater Fort Lauderdale is the center of the South Florida metropolitan statistical area, the largest MSA in the Southeast with a population of 6.1 million.

FOR SALE DETAILS

PRICE

$3,986,592 USD

PRICE/SF

$551 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Baptist Eye Surgery Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,239 SF

ZONING

B-4

APN/PARCEL ID

49-41-20-42-0010

ASK ABOUT THIS PROPERTY

Jason WinokurJ.H. Winokur, Inc.More Info
914-216-3574

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Jason WinokurJ.H. Winokur, Inc.More Info
914-216-3574

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