7401 W Commercial Blvd - Medical FOR SALE


Tamarac, FL 33319
$4,874,000 USD
312-224-3189
7401 W Commercial Blvd, Tamarac, FL for Sale
$4,874,000 USD
Medical - FOR SALE
1/31
null | 6% Cap Rate

7401 W Commercial Blvd
Tamarac, FL 33319


HIGHLIGHTS

  • PREMIER TENANT WITH EXCELLENT FINANCIALS
  • BRAND NEW, ABSOLUTE NNN LEASE
  • EXCELLENT ACCESS & VISIBILITY

OVERVIEW

Newmark, as the exclusive advisor to ownership, is proud to offer select qualified investors the opportunity to acquire the 100% fee simple interest in the Fort Lauderdale Chen Senior Medical Center located at 7401 W Commercial Blvd, Tamarac, FL (the “Property”). The facility is fully leased to Chen Dedicated Holdings, LLC (“ChenMed” the “Company,” “Tenant” or as the context requires “its”), the market leader in senior healthcare, boasting $3.7B in 2024 revenue. The Property NTM NOI is $292,427 ($29.97 $/SF) as of the estimated closing date of November 1, 2025. With a WALT in excess of 19 years, ChenMed is subject to an absolute net lease (NNN) that offers rental escalations of 2.50%. As a true NNN lease, the Tenant is responsible for all operating expenses including insurance and real estate taxes and is responsible for all maintenance, repairs, and replacements of the facilities, including the roof and structure. The newly renovated property is ideally situated in the heart of the Fort Lauderdale market, encompassing a population of 475,000 and an average age of 43 within a five-mile radius. This prime demographic location significantly enhances the Property’s financial performance, as the consistent demand for healthcare services will continue to drive customer traffic and revenue.

FOR SALE DETAILS

PRICE

$4,874,000 USD

PRICE/SF

$499 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chen Senior Medical Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

126

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,249 SF

ZONING

B-2

APN/PARCEL ID

49-41-10-31-0020

ASK ABOUT THIS PROPERTY

Briggs GoldbergNewmarkMore Info
312-224-3189

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Briggs GoldbergNewmarkMore Info
312-224-3189

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