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3737 N PINE ISLAND RD Sunrise FL 33351-6528

[Locked] • APN 494120420010

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Details
Property Type Office
Sub Type Medical Office
Building SqFt 7,240
Lot SqFt 60,238
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code B-4
Year Built 1992
Building Count 1
Opportunity Zone No
Lease Type ******
Mortgage Amount ******
Interest Rate ******
Mortgage Recording Date ******

Property History

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Property Type
Property Type
Office
Property Subtype
Medical Office
Asking Details
Asking Cap Rate
******
Marketing Description

100% leased free-standing single-tenant eye surgery center leased to Baptist Health surgery and endoscopy centers. The ambulatory surgery center, located at 3737 N. Pine Island Road in Sunrise, specializes in cataract surgery and intraocular lens implants, femtosecond laser (optimizes the precision, safety and control of traditional cataract surgery), YAG laser procedures, cornea transplants, blepharoplasty/eyelid revision procedures and retina procedures.

Baptist purchased the highly-profitable eye surgery center business at this location in 2014. The original 10-year lease was just renewed by Baptist for another 5 years.

The lease is a NN lease with the landlord only responsible for roof and structure.

Baptist Eye Surgery Center in Sunrise is a high-traffic location with nearby traffic counts of 40,000 and 60,000 plus ADT and 184,008 population in the 3-mile radius & 426,021 in the 5-mile radius. Sunrise is undergoing tremendous population growth. Broward County/Greater Fort Lauderdale is a metropolitan area of 31 municipalities and nearly 2 million people that fosters and promotes business attraction, expansion and new capital investment. Greater Fort Lauderdale is the center of the South Florida metropolitan statistical area, the largest MSA in the Southeast with a population of 6.1 million.

Investment Highlights
  • S&P AA- Investment grade rated tenant

  • NNN lease with 3% annual rental increases

  • High traffic, densely population location in Broward County

  • Baptist Health just renewed the lease for and additional 5 years

  • 26,288 population in 1-mile radius

  • 184,008 population in 3-mile radius

  • 426,021 population in 5-mile radius

Loan History

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Financial History

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****** Data
Net Operating Income
******
Reporting Date
******

Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Sold on
 BY:
JW
Jeffrey Winokur PRO
•••.•••.9200
•effw@•••••••••.com
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