3880 Coconut Creek Pky - Medical FOR SALE


Coconut Creek, FL 33066
$3,600,000 USD
941-204-7965
3880 Coconut Creek Pky, Coconut Creek, FL for Sale
$3,600,000 USD
Medical - FOR SALE
1/3
null | 5.69% Cap Rate

3880 Coconut Creek Pky
Coconut Creek, FL 33066


HIGHLIGHTS

  • 100% Occupied, NNN Leased Medical Building
  • Stable in place cash flow, with below market rents for future upside
  • Strong annual rent increases
  • Growing surrounding trade area w/ dense suburban population
  • Central Broward County location for easy access from all directions

OVERVIEW

Native Realty is pleased to present this beautiful and expansive, fully leased medical o?ce building available at 3880 Coconut Creek Parkway. This 10,644 SF building houses six long term tenants that are all on NNN leases. The location is second to none, located in central Broward county just seconds from the Turnpike. Tenants operating in this property, one of the only medical plazas in the immediate area, benefit from a strong suburban patient base and ample on-site parking, ensuring excellent accessibility for these patients. Positioned on a hard corner with prominent monument signage seen by over 26,000 vehicles per day, the building o?ers outstanding visibility and branding potential for current tenants, as well as future tenants. Along with the strong and stable in place cash flow, including five of the six leases having a minimum annual base rent increase of 5%, a buyer can expect future financial upside with the asset as the average rents are well below market.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$338 USD /SF

CAP RATE

5.69%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Medical Center of Coconut Creek

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

B-3, Coconut Creek

APN/PARCEL ID

48-42-32-13-0010

ASK ABOUT THIS PROPERTY

Dan RossNative Realty Co.More Info
941-204-7965

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Dan RossNative Realty Co.More Info
941-204-7965

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