Medical Center of Coconut Creek 3880 Coconut Creek Pky 10,644 SF 100% Leased Office Building Coconut Creek, FL 33066 $3,500,000 ($328.82/SF) 5.85% Cap Rate

Native Realty is pleased to present this beautiful and expansive, fully leased medical office building available at 3880 Coconut Creek Parkway. This 10,644 SF building houses six long term tenants that are all on NNN leases. The location is second to none for accessibility, located in central Broward county just seconds from the Turnpike. Tenants operating in this property, one of the only medical plazas in the immediate area, benefit from a strong suburban and aging patient base and ample on-site parking, ensuring excellent accessibility for these patients. Positioned on a hard corner with prominent monument signage seen by over 26,000 vehicles per day, the building offers outstanding visibility and branding potential for current tenants, as well as future tenants.
Along with the strong and stable in place cash flow, including five of the six leases having a minimum annual base rent increase of 5%, a buyer can expect future financial upside with the asset as the average rents are well below market. In addition, per the leases, the landlord is permitted to collect management fees totaling 20% of gross rents, providing additional value for a buyer that will be looking to self manage. Don't miss this opportunity to acquire a highly sought after medical building asset that has it all, strategic location, strong cash flow, and future upside.