Sunrise Medical Center
Closed8391-8399 W Oakland Park Blvd, Sunrise, FL 33351
Property type
Office
Unit / Space count
1
Price
$5,500,000
Building size
27,894 sf
Rentable area
27,894 SF
Year built
1992
Year renovated
Property class
A
Occupancy
100%
APN
49-41-21-03-0150
Zoning code
B-2
Lot size
3.01 Acres
Price per Unit
$5,500,000
Price per SF
$197.18
Property description
Franklin Street is pleased to present the Sunrise Medical Center located in Sunrise, FL. This opportunity gives an investor the chance to own a 27,894 rentable square foot property in the heart of the Sunrise, FL area and it sits on 3.01 acres of land (130,949 SF). Sunrise Medical Center offers a value-add opportunity with cash flow already in place. The medical center has frontage along W Oakland Park Blvd with two curb cuts located at the East and West end of the property to allow for smooth vehicle and pedestrian traffic. This property has frontage facing W Oakland Park Blvd which experiences approximately 60,500 vehicles per day. Sunrise Medical is made up of a great mix of office suites with a central, beautifully landscaped, courtyard for tenants and customers. This medical center is currently 100% occupied by Local and Regional office tenants. Notable long term tenants include Holy Cross Hospital (5,028 SF), MVC Technologies, (3,817 SF), and Medical Specialists of Ft. Lauderdale (2,321 SF), among others. The existing tenant mix operates under both net and gross leases. The zoning district for this property is Community Business District (B-2). The average rental rate at the property is at $23.06 per square foot. Sunrise, FL is one of the most recognized and affluent submarkets of Broward County with the average household income is $64,742 and the average house value is $220,674 all within a 5-mile radius. The property is situated near the signalized corner of W Oakland Park Blvd (31,500 VPD) & N University Dr. (57,500 VPD) which experiences approximately (89,000) vehicles per day and both streets host many national retailers including ALDI's, Walmart Supercenter, Walgreens, Lowe's, among others.
Property highlights
- Multi-tenant professional medical center offering with frontage facing W Oakland Park Blvd in Sunrise, FL
- Offering is for 27,894 of gross leasable area on 3.01 acres of land (130,949 SF)
- This medical center has a value-add component with cash flow already in place
- Tenant base is mixed of local and regional businesses with modified gross leases
- This center sits on one of Broward Counties major retail corridor on W Oakland Dr. which hosts national retailers like: ALDI's, Walmart Supercenter, Walgreens, Lowe's, among others