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1741-1759 N University Dr 3,657 SF Retail Condo Unit Offered at $2,447,563 CAD in Pembroke Pines, FL 33024
Investment Highlights
- New 10-Year Medical Office Lease: ClareMedica Health Partners, LLC recently executed a long-term 10-year lease, providing stable
- Established Healthcare Operator: ClareMedica operates as a multi-location primary care and senior health services provider
- Turnkey Medical Buildout: The ±3,657 SF suite is fully built for medical laboratory use, offering specialized improvements, functional layout
- 100% Expense Reimbursements: Tenant pays 100% of operating expenses, including taxes, insurance, CAM, and capital improvement pass-throughs
- Prime Medical Corridor Location: Strategically positioned along N. University Drive within a dense suburban market surrounded by hospitals
- High Barriers to Entry: The Pembroke Pines submarket has limited availability of modern medical office space, supporting tenant retention
Executive Summary
1759 N University Drive offers an exceptional opportunity within one of Broward County’s most consistently traveled commercial corridors. Positioned in a fully leased retail park, this asset benefits from the built-in stability and traffic generated by a mature tenant mix, established customer base, and strong co-tenancy synergy. Pembroke Pines remains one of South Florida’s most desirable suburban markets, boasting dense residential populations, long-term household growth, and elevated consumer spending levels supported by nearby schools, single-family neighborhoods, multifamily communities, and a thriving commercial ecosystem.
Property Facts
| Total Building Size | 3,657 SF | Typical Floor Size | 3,657 SF |
| Property Type | Retail (Condo) | Year Built | 2006 |
| Property Subtype | Storefront Retail/Office | Lot Size | 2.00 AC |
| Building Class | B | Parking Ratio | 17.23/1,000 SF |
| Floors | 1 | ||
| Zoning | PUD - Business and Commercial uses | ||
| Total Building Size | 3,657 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 3,657 SF |
| Year Built | 2006 |
| Lot Size | 2.00 AC |
| Parking Ratio | 17.23/1,000 SF |
| Zoning | PUD - Business and Commercial uses |
Amenities
- 24 Hour Access
- Storage Space
- Air Conditioning
1 Unit Available
Unit 1759
| Unit Size | 3,657 SF | Sale Type | Investment |
| Price | $2,447,563 CAD | Cap Rate | 7.50% |
| Price Per SF | $669.28 CAD | NOI | $183,567.25 CAD |
| Condo Use | Retail |
| Unit Size | 3,657 SF |
| Price | $2,447,563 CAD |
| Price Per SF | $669.28 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| NOI | $183,567.25 CAD |
Description
The property’s visibility along University Drive, a dominant north south artery traversing Broward County, provides steady daily exposure and ensures accessibility from surrounding communities including Cooper City, Miramar, Davie, and Weston. The site is strategically positioned among national retailers, medical offices, restaurants, and service providers, creating consistent activity throughout the day and week. Regional connectivity is reinforced by proximity to Pines Boulevard, Sheridan Street, Flamingo Road, I 75, and Florida’s Turnpike, enabling convenient customer and tenant access.
Sale Notes
As an investment offering, the property is priced at 1,805,920 with a 7.5 percent capitalization rate, reflecting stable income production within a fully occupied park environment. The asset’s size and configuration appeal to investors seeking manageable operations with predictable performance and minimal oversight. Pembroke Pines demographics further strengthen the investment profile, supported by high median incomes, strong school districts, and ongoing residential development.
This property’s combination of visibility, tenancy stability, market strength, and accessibility positions it as a compelling investment within one of Broward County’s most durable commercial nodes. It offers immediate cash flow supported by full occupancy while benefiting from long-term fundamentals that define the University Drive corridor as a resilient retail destination.
Nearby Major Retailers
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1741-1759 N University Dr
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