Pembroke Pines Professional Plaza_Property for Sale
Pembroke Pines Professional Plaza_Property for Sale

Pembroke Pines Professional Plaza

400 North Hiatus Road, Pembroke Pines, FL, 33026, US

Asset Description

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.

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Attributes

Building area net
8,543 m²
Land area gross
2.79 ha
Occupancy
97%
Year built
2000
WAULT
4.2 years

Media

Investment Highlights

  • Opportunity To Mark-To-Market In-Place Rents
  • Direct Proximity To Three Major Hospitals
  • Superb Access & Highly Amenitized Local Base
  • Secure Cash Flow With 100% Medical Tenancy
  • Significant Discount To Replacement Cost
Pembroke Pines Professional Plaza 4_Property for Sale
Pembroke Pines Professional Plaza 4_Property for Sale

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Pembroke Pines Professional Plaza (0 Properties)

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Last updated
21 Jan 2025