Freestanding Medical Flex
320 International Pkwy, Sunrise, FL 33325
For Sale
Contact for pricing
The fully occupied property is leased on a newly established NNN basis.
Property Size14,833 SF
Price / SF$428.77
Days on Market41
Property Features for 320 International Pkwy
General Information
Standard status
Size
Class
Property subtype
Occupancy
Additional Details
Cap Rate
Tenant in Place
Property Use
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
HDK Capital Commercial Real Estate
Listed By:
Daniel DuCharme · License FL BK631721
Source:
Crexi
Added: Sep 30
Changed: Nov 8
Last Checked: Nov 8 at 5:40PM
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 HDK Capital Commercial Real Estate
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Investment Insights
Based on property information with market context.
Located in Sunrise, this freestanding Class A flex property contains approximately 14,833 SF and is configured for medical use. Capital improvements have been completed at the building, which is fully occupied by a medical company with more than 25 years in business.
The tenancy is supported by a new five-year NNN lease, and the property carries a 6.00% cap rate.
The tenancy is supported by a new five-year NNN lease, and the property carries a 6.00% cap rate.
Key Highlights
- Approximately 14,833 SF of freestanding medical flex space
- Class A building in Sunrise, Florida
- 100% occupied by a medical company with more than 25 years in business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$473,180
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,463,600
$9.5M
Cap Rate 7%
$6,759,714
$6.8M
Cap Rate 9%
$5,257,556
$5.3M
Market Conditions
NOI Build-Up for 14,833 SF
Gross rent
$742.2K $50.04/SF
− Vacancy
−$111.3K −$7.51/SF
EGI
$630.9K $42.53/SF
− OpEx
−$157.7K −$10.63/SF
NOI
$473.2K $31.90/SF
Area
Broward County, FL
Vacancy
15.00%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,463,600
Cap Rate 7%
$6,759,714
Cap Rate 9%
$5,257,556
Alternative Uses
Best Use
Office B
$6.76M
$5.91M – $7.89M
NOI $473,180 @ 7.0% cap · market cap 7.44%
Second Best
Healthcare Medical
$3.24M
$2.84M – $3.78M
NOI $227,078 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$7.53M
$6.58M – $8.78M
NOI $526,778 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33325, FL
31,556
Population
11,052
Households
2.9
Avg Household Size
40
Median Age
38%
College-Educated
89%
High-School Grad
9.4 sq mi
ZIP Area
3,357
Density / Sq Mi
$96,004
Median Household Income
$42,716
Median Earnings
$2,052
Median Rent
$406,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Broward County, FL
Properties on Market for Flex space in Broward County
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - The fully occupied property is leased on a newly established NNN basis.
Where is this flex space located?
The property is located at 320 International Pkwy Sunrise, FL.
What is the asking price?
The asking price for this property is $6,360,000.
What are key features of this property?
This property features: Approximately 14,833 SF of freestanding medical flex space; Class A building in Sunrise, Florida; 100% occupied by a medical company with more than 25 years in business
