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City Surgery Center - Hospital Adjacent 201 N Pine Island Rd 15,052 SF 100% Leased Office Building Plantation, FL 33324 $19,715,945 CAD ($1,309.86 CAD/SF) 5.85% Cap Rate
Investment Highlights
- Absolute Triple Net Lease Structure-Allows for Passive Ownership
- Beneficial Rental Increase Schedule Provides Cash Flow Growth and Appreciation-3% Annual Increases Throughout Base Term and Option Period
- Ample Physician Count with Multiple Specialties-Five Surgeons Offering Services in Neurology, Orthopedics, and Spine
- New 10-Year Lease Executed in May 2025-Features One Ten-Year Option to Renew
- Established Practice with Strong Guarantor Financial Performance Multiple Company Guarantee Structure Nearly $25MM Net Income
- Immediate Area Features Consistent Population Growth and Strong Economic Demos
Executive Summary
Absolute Triple Net Lease Structure that Allows for Passive Ownership
New 10-Year Lease Executed in May 2025
Features One Ten-Year Option to Renew
Beneficial Rental Increase Schedule Provides Cash Flow Growth and Appreciation
3% Annual Increases Throughout Base Term and Option Period
Established Practice with Strong Guarantor Financial Performance
Multiple Company Guarantee Structure Nearly $25MM Net Income Securing Lease
Location is Responsible for Nearly Half of Total Revenue of Company Across Eight Locations
Exceptionally Low Rent/Revenue for Individual Location at 3.9% for FY-2025
Ample Physician Count with Multiple Specialties
Five Surgeons Offering Services in Neurology, Orthopedics, and Spine
Immediate Area Features Consistent Population Growth and Strong Economic Demos
387,000+ People within 5-Mile Radius Average Household Income of $113,000+ within 1 Mile Radius
Significant Cap Ex Taking Place of $130,000+
New Roof, Paint and Stucco of Exterior Parking Overlay, Seal and Stripe
Major Medical and Commerce Sector of Broward County
Baptist Health Wellness & Medical Complex: This 112,000 SF, Four-Story Facility is Baptist Health’s Largest in Broward County
Houses an Urgent Care Center and Specialized Care for Cardiology, Orthopedics, and Cancer
HCA Florida Westside Hospital: A major full-service, 250-bed hospital providing a wide range of emergency, surgical, and specialized medical services
UHealth Plantation (University of Miami Health System): Brings top-tier Miami-based specialists to central Broward. It is home to the Bascom Palmer Eye Institute (the nation's top-ranked eye hospital) and the Sylvester Comprehensive Cancer Center
New 10-Year Lease Executed in May 2025
Features One Ten-Year Option to Renew
Beneficial Rental Increase Schedule Provides Cash Flow Growth and Appreciation
3% Annual Increases Throughout Base Term and Option Period
Established Practice with Strong Guarantor Financial Performance
Multiple Company Guarantee Structure Nearly $25MM Net Income Securing Lease
Location is Responsible for Nearly Half of Total Revenue of Company Across Eight Locations
Exceptionally Low Rent/Revenue for Individual Location at 3.9% for FY-2025
Ample Physician Count with Multiple Specialties
Five Surgeons Offering Services in Neurology, Orthopedics, and Spine
Immediate Area Features Consistent Population Growth and Strong Economic Demos
387,000+ People within 5-Mile Radius Average Household Income of $113,000+ within 1 Mile Radius
Significant Cap Ex Taking Place of $130,000+
New Roof, Paint and Stucco of Exterior Parking Overlay, Seal and Stripe
Major Medical and Commerce Sector of Broward County
Baptist Health Wellness & Medical Complex: This 112,000 SF, Four-Story Facility is Baptist Health’s Largest in Broward County
Houses an Urgent Care Center and Specialized Care for Cardiology, Orthopedics, and Cancer
HCA Florida Westside Hospital: A major full-service, 250-bed hospital providing a wide range of emergency, surgical, and specialized medical services
UHealth Plantation (University of Miami Health System): Brings top-tier Miami-based specialists to central Broward. It is home to the Bascom Palmer Eye Institute (the nation's top-ranked eye hospital) and the Sylvester Comprehensive Cancer Center
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
15,052 SF
Building Class
B
Year Built
2005
Price
$19,715,945 CAD
Price Per SF
$1,309.86 CAD
Cap Rate
5.85%
NOI
$1,153,398 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,500 SF
Building FAR
0.38
Lot Size
0.92 AC
Zoning
SP1-3 - Plantation Midtown District
Parking
41 Spaces (2.72 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Kitchen
- High Ceilings
- Reception
- Air Conditioning
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 50-41-04-32-0021 | Improvements Assessment | $9,026,417 CAD |
| Land Assessment | $1,392,701 CAD | Total Assessment | $10,419,119 CAD |
Property Taxes
Parcel Number
50-41-04-32-0021
Land Assessment
$1,392,701 CAD
Improvements Assessment
$9,026,417 CAD
Total Assessment
$10,419,119 CAD
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City Surgery Center - Hospital Adjacent | 201 N Pine Island Rd
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