Listed by Transwestern Real Estate Services - Miami, FL, Transwestern Real Estate Services - Atlanta, GA
$11,600,000
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
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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