4848 Coconut Creek Pkwy, Coconut Creek, FL 33063
30,095 SF | Vacant | Office Building | Coconut Creek, FL 33063 | $11,000,000 ($366/SF) | 5.94% Cap Rate
For Sale
Active
Asking Price $11,000,000
- Property Type
-
Office
- Square Feet
- 30,095 SF
- Price / Square Foot
- $366
Listing Contacts
Patrick Wagor
Property Overview
Building is 33% occupied. 2nd and 3rd floor are vacant. Currently a 5.94% CAP on in-place income from ground floor tenant.
Property Details
- Class
- A
- Year Built
- 2008
- Stories
- 3
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 24,394 SF
Highlights
- Rare opportunity to acquire a value-add medical office asset that’s part of a new Sprouts Farmers Market anchored Mixed-Use development in South Flori
- Major upside through leasing or selling second and third floors with in-place income from long-term ground floor tenant, Genesis Care
- Genesis Care has operated at this location since 2013 and operates 256 cancer treatment centers making it one of the largest providers of cancer care
- Ground floor space has been a cancer treatment center since 2009 ($7.5 million build-out, $5 million equipment package including a linear particle acc
- Dense in-fill market with high barriers to entry (139,000 people and 70,000 employees in 3 miles)
- Dynamic trade area with close proximity to several demand generators including Wynmoor, a 55+ community with over 9,000 residents, Northwest Medical C
All available spaces
- Space
- 1st Fl-Ste 1B
- Size
- 1,500 SF
- Condition
- Shell Space
- Space
- 2nd Fl-Ste 2A
- Size
- 5,000 SF
- Condition
- Full Build-Out
- Space
- 2nd Fl-Ste 2B
- Size
- 25,005,340 SF
- Condition
- Shell Space
- Space
- 3rd Fl-Ste 3A
- Size
- 25,005,000 SF
- Condition
- Shell Space
- Space
- 3rd Fl-Ste 3B
- Size
- 25,005,340 SF
- Condition
- Shell Space
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