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Seacrest Medical Building 2620 S Seacrest Blvd 3,684 SF 100% Leased Office Building Boynton Beach, FL 33435 $1,433,498 ($389.11/SF) 7% Cap Rate
Investment Highlights
- Premier Medical Tenant: Leased to Advanced Dermatology & Cosmetic Surgery, one of the largest and most established dermatology groups in the U.S.
- Tenant Renewal Secured: Tenant recently exercised their first renewal option, demonstrating their strong performance and commitment to the location.
- Recent Capital Improvements: Property features a new roof and updated interior, minimizing near-term capital expenditures.
- Prime Healthcare Location: Directly across from Baptist Health’s Bethesda Hospital East, ensuring strong patient traffic and long-term medical demand.
- Built-In Rent Growth: Lease includes 3% annual increases with two additional 3-year renewal options remaining.
- High-Quality Medical Buildout: Efficient clinical layout suited for dermatology and other medical specialties.
Executive Summary
Broker of Record
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # CQ1066435 (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
Property Subtype
Medical
Building Size
3,684 SF
Building Class
C
Year Built
1979
Price
$1,433,498
Price Per SF
$389.11
Cap Rate
7%
NOI
$100,345
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,684 SF
Slab To Slab
11’
Zoning
C1
Parking
32 Spaces (8.69 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $704,440 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$704,440
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Seacrest Medical Building | 2620 S Seacrest Blvd
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