Miramar Medical Condo

14601 SW 29th Street, Miramar, FL, 33027, US

Description

Jones Lang Lasalle, as exclusive advisor, is pleased to present the opportunity to acquire Miramar Medical Condo (the “Property”), an exceptional medical office and surgery center investment opportunity at 14601 SW 29th Street, Miramar, Florida. This offering comprises a ±15,772 SF medical condominium unit encompassing the entire third floor of a modern three-story building totaling ±40,742 SF, Palm Gardens at Miramar.

The asset features three demised spaces that are currently 100% leased. The crown jewel of this investment is the anchor tenant, Surgicare of Miramar, which occupies over 75% of the property under a long-term lease backed by a corporate guarantee from National Surgery Center Holdings, Inc., a Tenet Healthcare subsidiary.

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Attributes

Asking price

NT$198,413,000

NOI

NT$16,321,000

WALT

4.9 years

Building area net

1,465 m²

Year built

2008

Occupancy

100%

Media

Investment Highlights

100% leased to 3 healthcare tenants providing essential medical services with 4.9 years WALT
More than 75% leased to SurgiCare of Miramar with tenure of 17+ years, remaining term until Sep-30 and a guarantee by their parent company National Surgery Center Holdings, a subsidiary of publicly-traded Tenet Healthcare providing institutional-grade credit quality
Strategic location with excellent accessibility 2 min from I-75 and ~3 million people within a 30-minute drive
Miramar is rapidly becoming a key medical hub, driven by Memorial Hospital Miramar, the new Memorial Healthcare freestanding emergency department set to open in 2026, and growing network of clinics and urgent care centers