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3840 Coconut Creek Pky 4,083 SF Office Building Coconut Creek, FL 33066 $1,911,924 CAD ($468.26 CAD/SF)
Investment Highlights
- Flexible Zoning: The property is zoned B-3, allowing ~45 uses by right and ~25 more via special approval, including medical, retail, and office uses.
- Medical Build-Out: Fully built out for medical use with specialized plumbing, enabling immediate occupancy for medical users and reducing TI costs.
- Prime Visibility: Located on Coconut Creek Parkway with ±26,500 VPD, offering high-visibility frontage on a major commercial corridor.
- Below Replacement Cost: At $1.4M for ±4,083 SF ($343/SF), the price is compelling compared to current South Florida construction costs.
- Owner-User or Investment: Suitable for owner-users or investors seeking value-add through lease-up or repositioning in a high-visibility corridor.
- Medical Demand Tailwinds: South Florida’s aging and growing population drives demand for medical office and clinic space
Executive Summary
Broker of Record
Kyle Matthews
License # CQ1066435, BK3554632 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # CQ1066435, BK3554632 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
4,083 SF
Building Class
C
Year Built/Renovated
1980/1999
Price
$1,911,924 CAD
Price Per SF
$468.26 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,083 SF
Building FAR
0.23
Lot Size
0.41 AC
Zoning
B-3
Parking
22 Spaces (5.39 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- -
- -
- Modified Gross
- -
Founded in 2011, CareMax is a value-based care delivery system that utilizes a proprietary technology-enabled platform and multi-specialty, whole person health model to deliver comprehensive, preventative and coordinated care for it's members. With over 200,000 Medicare Value-Based Care Members across 10 states, and fully integrated, Five-Star Quality rated health and wellness centers, CareMax is redefining healthcare across the country by reducing costs, improving overall outcomes and promoting health equity for seniors.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | - | - | Modified Gross | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 48-42-32-14-0010 | Improvements Assessment | $1,050,425 CAD |
| Land Assessment | $491,638 CAD | Total Assessment | $1,542,062 CAD |
Property Taxes
Parcel Number
48-42-32-14-0010
Land Assessment
$491,638 CAD
Improvements Assessment
$1,050,425 CAD
Total Assessment
$1,542,062 CAD
Contacts
-
Alexander Machado -
Daniel Gonzalez -
Ben Snyder -
Matthews Real Estate Investment Services
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3840 Coconut Creek Pky
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