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22353100
22353014

5301 N Dixie Hwy, Oakland Park, FL 33334

BS
FL: SL3197924
CBRE - Fort Lauderdale
Listed by CBRE - Fort Lauderdale
Unpriced
453 days on market
Updated 40 days ago
Under Contract

Coral Ridge Medical Center

Details
APN 49-42-14-28-0030
Property Type Office
Sub Type Medical Office
Square Footage 19,473
Net Rentable (SqFt) 19,473
Occupancy 74.8%
Tenancy Multi
Brand/Tenant Tenet Health
Lease Type Net
Rent Bumps Yes
Broker Co-Op No
Class B
Year Built 1975
Year Renovated 2008
Stories 2
Zoning B-2. Oakland Park
Parking Spaces 101 spaces
Parking Per SqFt 5.19
Investment Type Value Add
Ownership Fee Simple

±19,500 SF Medical Office Building with Tenet Healthcare Ambulatory Surgical Center Anchor

Marketing description

CBRE Inc. as exclusive advisor, proudly presents for sale “Coral Ridge Medical Plaza”, a +/- 19,500 square foot medical center anchored by a Tenet Healthcare Ambulatory Surgical Center. The Subject Property is a 2-story medical office building located within the densely populated Oakland Park submarket of Fort Lauderdale, FL. The ground floor of the property is fully occupied by a Tenet Healthcare operated surgical center who has been at the center since 2007 and recently extended their lease in July of 2024. The second floor is occupied by two medical practices which include both gastrointestinal and orthopedic groups. Additionally, there are currently 2 vacant offices which can accommodate medical offices. At only 74% occupancy, Coral Ridge Medical Plaza is a rare medical office offering that provides both stability from the strong surgical center anchor as well as significant upside through leasing the balance of the medical space.

Coral Ridge Medical Plaza is located on North Dixie Highway just north of East Commercial Boulevard in East Broward County. The location is ideal for a medical plaza as its easily accessible throughout the Country as it sits less than 5 minutes from I-95 to the west, South Florida’s main highway, as well as 5 min from US 1 to the east which goes south into Downtown Fort Lauderdale. The Property is also ideally located only 5 minutes from Holy Cross Health’s main campus, a 557-bed non-profit hospital and the area’s largest medical driver.

Investment highlights

  • $1 MILLION PRICE REDUCTION!

  • RARE MULTI-TENANT MEDICAL OFFICE ANCHORED BY TENET HEALTHCARE SURGICAL CENTER, A $12BN NATIONAL PUBLICLY TRADED HEALTHCARE SERVICE PROVIDER

  • SURGICAL CENTER RECENTLY RENEWED THROUGH 7/31/2029 WITH 5-YEAR OPTION TO RENEW & 3% ANNUAL RENT ESCALATIONS

  • OFFICE SPACE VALUE-ADD OPPORTUNITY THROUGH LEASE UP OF THE VACANT MEDICAL SPACE

  • SIGNIFICANT MULTI-MILLION DOLLAR RENOVATIONS & SURGICAL CENTER BUILD-OUT IN 2008

  • EXCELLENT CENTRAL EAST BROWARD LOCATION WITH ACCESSIBILITY THROUGHOUT THE COUNTY

  • IDEAL PROXIMITY LESS THAN 5 MINUTE DRIVE FROM HOLY CROSS HEALTH HOSPITAL (557 BEDS)

Listing Contacts

BS
FL: SL3197924
CBRE - Fort Lauderdale
Listed by CBRE - Fort Lauderdale

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$362,411.00
$30,200.92/mo

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