Leased Medical Office
3880 Coconut Creek Pkwy Coconut Creek, FL 33066
For Sale
Contact for pricing
Single-tenant medical office building is 100% occupied and leased on an NNN basis.
Property Size10,644 SF
Price / SF$328.82
Days on Market73
Property Features for 3880 Coconut Creek Pkwy
General Information
- Standard status
- Active
- Size
- 10,644 SF
- Property subtype
- OFFICE
Listing Agency:
Native Realty
(954) 595-2999
Listed By:
Jaime Sturgis · License #3246270
Source:
Moodyscre
Added: May 13
Changed: Jul 23
Last Checked: Jul 23 at 4:07PM
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 leased medical office building is 100% occupied and structured as an NNN property. The asset is positioned for stable in-place cash flow, with remarks indicating below-market rents and strong annual rent increases.
Located in central Broward County, the property is described as offering easy access from all directions.
With a total building area of 10,644 square feet, this specialty medical office facility is offered for sale as a stabilized, leased investment.
Located in central Broward County, the property is described as offering easy access from all directions.
With a total building area of 10,644 square feet, this specialty medical office facility is offered for sale as a stabilized, leased investment.
Key Highlights
- 100% occupied, single‑tenant medical office building
- Leased on an NNN basis
- Stable in‑place cash flow
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 | $485.4k | $45.60 |
| − Vacancy | −$109.2k | −$10.26 |
| EGI | $376.2k | $35.34 |
| − OpEx | −$94.0k | −$8.84 |
| NOI | $282.1k | $26.51 |
10,644 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.03M
$3.53M – $4.70M
NOI $282,119 @ 7.0% cap · market cap 8.06%
Second Best
Healthcare Medical
$2.00M
$1.75M – $2.34M
NOI $140,245 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$5.40M
$4.73M – $6.30M
NOI $378,011 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
FAQs
What type of property is this?
NNN property - Single-tenant medical office building is 100% occupied and leased on an NNN basis.
Where is this nnn property located?
The property is located at 3880 Coconut Creek Pkwy Coconut Creek, 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, single‑tenant medical office building; Leased on an NNN basis; Stable in‑place cash flow
