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Medical Center of Coconut Creek 3880 Coconut Creek Pky 10,644 SF 100% Leased Office Building Coconut Creek, FL 33066 $5,911,859 CAD ($555.42 CAD/SF) 5.54% Cap Rate
INVESTMENT HIGHLIGHTS
- In-place rents average $13.95/SF, presenting a nearly 100% mark-to-market opportunity versus prevailing rates of approximately $25/SF NNN
- Benefits from ±119,500 vehicles per day along Florida’s Turnpike, enhancing visibility and patient accessibility
- ±3,233 SF turnkey medical facility featuring 9 exam rooms, 5 private offices, 3 restrooms, a nurses’ station, and a break room.
EXECUTIVE SUMMARY
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services
1600 West End, Ste. 1500 Nashville, TN 37203
License # CQ1066435 (FL)
Matthews Real Estate Investment Services
1600 West End, Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
10,644 SF
Building Class
C
Year Built
1977
Price
$5,911,859 CAD
Price Per SF
$555.42 CAD
Cap Rate
5.54%
NOI
$327,414 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,644 SF
Building FAR
0.35
Lot Size
0.70 AC
Zoning
B-3, Coconut Creek - General Business
Parking
35 Spaces (3.29 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- 4 Element Wellness Llc
- Health Care and Social Assistance
- -
- -
- -
- -
- Advantage
- Professional, Scientific, and Technical Services
- -
- -
- -
- -
- Dr. Hawk
- -
- -
- $28.77 CAD
- Triple Net
- Jul 2023
- Independent Medical Group, Llc
- Public Administration
- -
- -
- -
- -
-
- Health Care and Social Assistance
- -
- $16.44 CAD
- Triple Net
- -
Les Physician Care Centers sont un groupe de soins primaires qui dessert la population de l'assurance-maladie depuis plus de 10 ans. C'est une entreprise qui se préoccupe d'excellents soins de santé, faisant de votre santé sa priorité #1. L'entreprise compte aujourd'hui plus de 30 établissements et 60 fournisseurs répartis dans le sud de la Floride, la Géorgie et la Caroline du Sud. Au PCC, ils sont fiers de fournir plus que des soins de santé primaires, pour finalement guider les patients vers une vie saine, agréable et enrichissante.
- Pioneer Clinical Research
- Health Care and Social Assistance
- -
- -
- Triple Net
- -
- Rising Hope Treatment Center
- Services
- -
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| 4 Element Wellness Llc | Health Care and Social Assistance | - | - | - | - | |
| Advantage | Professional, Scientific, and Technical Services | - | - | - | - | |
| Dr. Hawk | - | - | $28.77 CAD | Triple Net | Jul 2023 | |
| Independent Medical Group, Llc | Public Administration | - | - | - | - | |
|
|
Health Care and Social Assistance | - | $16.44 CAD | Triple Net | - | |
| Pioneer Clinical Research | Health Care and Social Assistance | - | - | Triple Net | - | |
| Rising Hope Treatment Center | Services | - | - | Triple Net | - |
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PROPERTY TAXES
| Parcel Number | 48-42-32-13-0010 | Improvements Assessment | $1,250,234 CAD |
| Land Assessment | $835,618 CAD | Total Assessment | $2,085,852 CAD |
PROPERTY TAXES
Parcel Number
48-42-32-13-0010
Land Assessment
$835,618 CAD
Improvements Assessment
$1,250,234 CAD
Total Assessment
$2,085,852 CAD
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Medical Center of Coconut Creek | 3880 Coconut Creek Pky
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