For Sale
$5,999,500

2685 Executive Park DrWeston, FL 33331

High-yield, 100% occupied medical building

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Class A, single-story medical office building in Weston, Florida, presents a compelling investment opportunity. Located at 2685 Executive Park Dr, 33331, within the Lakeside Corporate Park, this 15,492 square foot property boasts a strong tenant roster including DaVita, FloMed, and Encore Medical Research. The building features eight individual units, all currently leased at 100% occupancy, generating a substantial net operating income (NOI) of $347,945, resulting in a 5.80% cap rate. The asking price is $5,999,500, translating to $387.26 per square foot. Built in 2000, this well-maintained property benefits from a triple net (NN+) lease structure with credit-rated tenants and built-in rent bumps. The property offers ample parking (75 spaces per 1,000 sq ft) and is conveniently situated near major roadways, including I-75, and prominent medical facilities such as Cleveland Clinic and Miami Children's Hospital. The professional management association maintains the roof and grounds. This stabilized investment offers a secure and lucrative return with long-term, high-quality tenants in a highly desirable location. The property is comprised of one building with a total of eight units. The property's APN is 504020050040.

Highlights

  • Prime Weston location within Lakeside Professional Campus.
  • Long-term, stable medical tenants, including DaVita.
  • Eight (8) ground-floor suites.
  • 100% occupancy.
  • Medical office building with professional management.
  • Association maintains roof and grounds.

Property Details for 2685 Executive Park Dr

Property type
Office properties, Medical offices
Square Feet
15,492 SF
Class
A
Year Built
2000
Buildings
1
Stories
1
Units
8

Location Insight

City
Weston
County
Broward
State
Florida
Latitude
26.0859699
Longitude
-80.3731289
2685 Executive Park Dr, Weston, Florida

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2685 Executive Park Dr
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