Fully Leased Medical Office
3880 Coconut Creek Pkwy Coconut Pompano Beach, FL 33066
3880 Coconut Creek Pkwy Coconut, Pompano Beach, FL, 33066
$3,500,000
For Sale
$3,500,000
10,644 SF medical office building with long-term NNN tenants.
Property Size10,644 SF
Price / SF$328.82
Days on Market113
Property Features for 3880 Coconut Creek Pkwy Coconut
General Information
- Standard status
- Active
- Size
- 10,644 SF
- Property subtype
- Office
Listing agency
Native Realty
(954) 595-2999
Listed by
Jaime Sturgis · License #F10550164
Source
Nativerealty
Added: Apr 1 Updated: Jul 10 at 1:16PM Checked: Jul 21 at 8:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Native Realty
Investment Insights
Based on property information with market context.
This 10,644 SF medical office building is fully leased to six long-term tenants on NNN leases. The property is located in central Broward County, with accessibility to the Turnpike. As one of the only medical plazas in the immediate area, tenants benefit from a strong suburban and aging patient base. Ample on-site parking ensures accessibility for patients. The building is positioned on a hard corner with monument signage, offering visibility to over 26,000 vehicles per day. The location provides branding potential for current and future tenants. The property benefits from stable in-place cash flow with below-market rents, offering future upside. Strong annual rent increases are in place. The surrounding trade area is growing, with a dense suburban population.
Key Highlights
- 100% occupied nnn leased medical building: provides stable in‑place cash flow.
- Prime central broward county location: offers easy access and proximity to the turnpike.
- Below market rents: presents future upside potential.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $329.5k | $30.96 |
| − Vacancy | −$49.4k | −$4.64 |
| EGI | $280.1k | $26.32 |
| − OpEx | −$70.0k | −$6.58 |
| NOI | $210.1k | $19.74 |
10,644 SF · lease $30.96/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.00M
$2.63M – $3.50M
NOI $210,081 @ 7.0% cap · market cap 6.00%
Second Best
Healthcare Medical
$2.29M
$2.00M – $2.67M
NOI $160,363 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$4.15M
$3.63M – $4.84M
NOI $290,581 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Amena Nuzhatt Haq
Physician
Gally Jeffrey P ...
Physician
4 Element Wellness ...
Spiritual Center
Coconut Creek Massage ...
Alternative Medicine Practice
Coconut Creek Physician ...
Medical Clinic
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- Lyons Road Animal Hospital — 1467 Lyons Rd, Coconut Creek, FL 33063
- Lyons Road Animal Hospital: Melgey Christopher DVM — 1467 lyons rd, coconut creek, fl 33063
FAQs
What type of property is this?
Medical Office Space - 10,644 SF medical office building with long-term NNN tenants.
Where is this medical office space located?
The property is located at 3880 Coconut Creek Pkwy Coconut Pompano Beach, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 100% occupied nnn leased medical building: provides stable in‑place cash flow.; Prime central broward county location: offers easy access and proximity to the turnpike.; Below market rents: presents future upside potential.
