River East Center
1515 SE Water Ave, Portland, OR 97214
99,999 sf
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.