3 129Th AvePembroke Pines, FL 33027

Property Details for 3 129Th Ave

Year built

1990

Construction

CONCRETE

Lot size

3.25 AC

Property size (Sq ft)

53,418 SF

Zone code

(B-3)

Property type

Office properties

Property subtype

Office buildings

APN

51-40-14-02-0331

APU

514014020331

Description

This exceptional investment opportunity presents two available medical office suites within Claire's Corporate Plaza, a four-story, 53,418-square-foot Class B medical office building situated in the thriving Pembroke Pines submarket of Broward County, Florida. Built in 1991, this well-maintained property boasts a prime location at 3 SW 129th Ave, 33027, conveniently situated approximately three miles east of I-75, offering easy access to Memorial West Hospital and Pembroke Lakes Mall, along with numerous shopping centers. The building features a 1,250 KW backup generator ensuring uninterrupted operations, energy-efficient LED lighting, comprehensive security cameras, and ample parking for tenants and visitors. The available suites range from 1,751 to 1,882 square feet and are beautifully finished. The building is zoned B-3 for General Business, allowing for a variety of uses. Tenants benefit from included air conditioning, while individually metered electricity (FPL) covers lighting, outlets, and reheating. Telecommunications are tenant-responsible. The property sits on a substantial 141,396-square-foot lot and includes one building with four stories and elevators. Current tenants include the Claire's Stores corporate headquarters, other medical offices, and professional services businesses, reflecting the building's strong tenant base and desirable location. This is a rare opportunity to acquire space in a well-established, amenity-rich medical office building in a high-demand area. The APN is 5140 14 02 0331.

• CAP approach

  CAP return

  Valuation

  6%

  $15,374,461

  6.5%

  $14,191,810

  7%

  $13,178,109

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,909,912

  Geo Method

  $22,909,912

• Alternative Use

  Use

  Valuation

  Residential

  $17,597,844

  Hospitality

  $16,119,531

  Educational

  $13,411,261

  Medical

  $13,872,494

  Retail

  $20,861,962

Location Insight

City

Pembroke Pines

County

Broward

State

Florida

Latitude

26.0058

Longitude

-80.3196

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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