River East Center
1515 SE Water Ave, Portland, OR 97214
9.290 m²
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire the Pembroke Pines Medical Plaza, a premier collection of four medical buildings, totaling 91,956 rentable square feet in Pembroke Pines, Florida (collectively the "Property" or the “Portfolio”). The Property boasts an impressive 96.8% occupancy with a weighted average lease term (WALT) of 4.2 years, providing stable cash flow from a diverse and established tenant base of primarily local and regionally dominant private physician groups. The Property has a history of success with a 12.7 year WATT (“Weighted Average Tenant Tenure”) and an average historical occupancy of 97.0% since 2018. Strategically located less than a mile from the 502-bed Memorial West Hospital, and less than a 15-minute drive from two other Memorial Healthcare System hospitals, Pembroke Pines Medical Plaza benefits from exceptional proximity to the heart of South Florida’s rapidly expanding healthcare market.