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Medical Center of Coconut Creek 3880 Coconut Creek Pky 10,644 SF 100% Leased Office Building Coconut Creek, FL 33066 $4,310,820 ($405/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
$4,310,820
Price Per SF
$405
Cap Rate
5.54%
NOI
$238,744
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
- -
- -
- $21.00
- Triple Net
- Jul 2023
- Independent Medical Group, Llc
- Public Administration
- -
- -
- -
- -
-
- Health Care and Social Assistance
- -
- $12.00
- Triple Net
- -
Physician Care Centers is a primary care group that’s been serving the Medicare population for many years. They’re a company that’s all about great health care, making your health & wellness their #1 priority. They have grown locations and providers spanning Florida, Georgia, South Carolina and Texas. At Physician Care Centers they pride themselves on providing more than just primary health care, ultimately guiding their patients to healthy, enjoyable and rewarding lives.
- 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 | - | - | $21.00 | Triple Net | Jul 2023 | |
| Independent Medical Group, Llc | Public Administration | - | - | - | - | |
|
|
Health Care and Social Assistance | - | $12.00 | 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 | $799,600 |
| Land Assessment | $609,860 | Total Assessment | $1,409,460 |
PROPERTY TAXES
Parcel Number
48-42-32-13-0010
Land Assessment
$609,860
Improvements Assessment
$799,600
Total Assessment
$1,409,460
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Medical Center of Coconut Creek | 3880 Coconut Creek Pky
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