7061 Cypress Rd - Medical FOR SALE


Plantation, FL 33317
$4,286,637 USD
305-588-7187
7061 Cypress Rd, Plantation, FL for Sale
$4,286,637 USD
Medical - FOR SALE
1/6
null | 5.65% Cap Rate

7061 Cypress Rd
Plantation, FL 33317


HIGHLIGHTS

  • Stabilized Medical Office Plaza
  • Ample Parking
  • Investment Property

OVERVIEW

This offering presents a rare opportunity to acquire a fully leased medical office building in Plantation, Florida, one of Broward County’s most established healthcare markets. The property consists of approximately 12.910 RSF of medical office space situated on a +/- 58,309 SF parcel, providing excellent accessibility and patient convenience with approximately 80 surface parking spaces. The building is 100% occupied by three established medical tenants, generating $536,211 in gross annual rental income and a projected NOI of approximately $242,000. Lease terms include 3% annual rent escalations, creating built-in income growth for investors. The lease structure includes one NNN lease and two modified gross leases, where tenants reimburse ownership for expense increases above a base year. One tenant pays all operating expenses, providing stable and predictable cash flow. Strategically located in Plantation’s growing medical corridor, the property benefits from proximity to major healthcare providers including: Baptist Health Plantation, University of Miami Health System (UHealth Plantation), Florida Medical Center, Sanitas Medical Center, Plantation Medical Center, and HCA Florida Healthcare facilities. Surrounded by dense residential neighborhoods and strong demographics, the asset provides immediate passive income with long-term demand for medical services in the area.

FOR SALE DETAILS

PRICE

$4,286,637 USD

PRICE/SF

$316 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cypress Road Medical Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

83

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

B-2P

APN/PARCEL ID

50-41-03-61-0010

ASK ABOUT THIS PROPERTY

Ricardo Du PondRD GroupMore Info
305-588-7187

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Ricardo Du PondRD GroupMore Info
305-588-7187

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