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2620 S Seacrest Blvd
Boynton Beach, FL 33435
Seacrest Medical Building · Office Property For Sale
·
3,684 SF
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
The property’s strategic location offers convenient access to I 95, Woolbright Road, Boynton Beach Boulevard, and Federal Highway, enabling seamless patient and employee travel throughout Palm Beach and Broward Counties. Its placement along Seacrest Boulevard ensures consistent visibility within an established local corridor known for medical offices, senior services, retail amenities, and professional operators. The surrounding area features strong median household income levels, solid homeowner concentrations, and an ongoing influx of new development, all of which reinforce the long term appeal of this location for healthcare tenants.
Property Facts
| Total Building Size | 3,684 SF | Floors | 1 |
| Property Type | Office (Condo) | Typical Floor Size | 3,684 SF |
| Property Subtype | Medical | Year Built | 1979 |
| Building Class | C | Parking Ratio | 8.69/1,000 SF |
| Zoning | C1 - General commercial | ||
| Total Building Size | 3,684 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 3,684 SF |
| Year Built | 1979 |
| Parking Ratio | 8.69/1,000 SF |
| Zoning | C1 - General commercial |
Amenities
- Signage
1 Unit Available
Unit A&B
| Unit Size | 3,684 SF | Cap Rate | 7.00% |
| Condo Use | Medical | NOI | $100,344.86 |
| Sale Type | Investment |
| Unit Size | 3,684 SF |
| Condo Use | Medical |
| Sale Type | Investment |
| Cap Rate | 7.00% |
| NOI | $100,344.86 |
Description
2620 Seacrest Boulevard represents an attractive medical office investment within one of Palm Beach County’s steadily expanding submarkets. Situated just minutes from downtown Boynton Beach, this fully leased professional building benefits from strong surrounding demographics, established residential neighborhoods, and a growing medical services ecosystem that supports long term demand. Boynton Beach continues to experience population increases driven by migration, new housing, waterfront revitalization, and proximity to Delray Beach, Boca Raton, and the wider Palm Beach region. These trends have elevated the need for outpatient clinics, wellness providers, and specialized care practices, enhancing the value of well positioned medical office properties.
Sale Notes
Offered at 1,433,498 with a 7 percent cap rate, the asset delivers immediate cash flow backed by stable tenancy. Medical tenants tend to exhibit high renewal rates due to specialized build outs, patient continuity, and operational efficiency, creating a predictable income environment for investors. The building’s manageable size and professional presentation make it an appealing addition for both local owners and regional investors seeking durable returns in a desirable coastal market.
With its combination of occupancy stability, strategic placement, and access to a robust healthcare consumer base, 2620 Seacrest Boulevard stands out as a compelling investment within the Boynton Beach medical and professional office landscape.
