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32926052
32926053

2 Locations

JB
FL BK493793
Transwestern Real Estate Services - Miami, FL
KM
GA 145572
Transwestern Real Estate Services - Atlanta, GA
Listed by Transwestern Real Estate Services - Miami, FL, Transwestern Real Estate Services - Atlanta, GA
$11,600,000
9 days on market
Updated 8 days ago

Claremedica Portfolio

Details
APN 49-41-03-15-0220
Property Type Office
Sub Type Medical Office
Square Footage 28,600
Units 102
Cap Rate 7.00%
NOI $817,015
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Year Built 1987
Year Renovated 2023
Buildings 2
Stories 3
Acreage 1.610
Parking Spaces spaces

Single-Tenant Absolute NNN MOB Portfolio | 9.8 YR WALT | Fort Lauderdale MSA

Investment highlights

The Single Tenant: Claremedica Health Partners

  • Florida-based leader in senior-focused primary care serving Medicare Advantage patients. Website: claremedica.com
  • Single-Tenant Medical Portfolio: 100% leased to “Best in Class” Claremedica Health Partners.

Absolute NNN Lease Structure | Predictable, Durable Income

  • Fully net lease with all operating expenses, taxes, and insurance paid by the tenant.
  • Minimal landlord responsibilities and no anticipated capital obligations.
  • Long-term lease commitments:
  • Tamarac: Lease through 2/28/2036 plus two 5-year options.
  • Plantation: Lease through 1/31/2037 plus two 5-year options.
  • Provides stable, bond-like income characteristics.

Built-In Rent Growth | Inflation Protection

  • 3% annual rent escalations throughout the lease term.

Strong Lease Duration | 9.8 Year WALT

  • Tamarac: 9.4 Years
  • Plantation: 10.3 Years

Recent Renovations | Capital Free Investment

  • Comprehensive renovations completed in 2023.
  • Tamarac: New Roof
  • Plantation: Resurfaced Roof.
  • Full HVAC replacements.
  • Contemporary fully renovated and modern interior medical layouts and finishes.

Hospital Campus Proximity - Natural Referral Pipeline

  • Plantation: 0.8 mi from HCA Florida Westside Hospital (250 beds)
  • Tamarac: 0.6 mi from HCA Florida Woodmont Hospital (317 beds)

Both the Tamarac and Plantation submarkets are proven senior medical markets, demonstrated by sustained growth in the 65+ population.

Listing Contacts

JB
FL BK493793
Transwestern Real Estate Services - Miami, FL
KM
GA 145572
Transwestern Real Estate Services - Atlanta, GA
Listed by Transwestern Real Estate Services - Miami, FL, Transwestern Real Estate Services - Atlanta, GA

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$817,015.00
$68,084.58/mo

Valuation Metrics

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DSCR
7.04%
Cap Rate
7.04%
ROI

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