Listed by Colliers - Palm Beach - Boca Raton, Florida
$3,700,000
Lighthouse Point Medical Office | Owner-User
Details
Property Type Office
Sub Type Medical Office
Square Footage 7,114
Net Rentable (SqFt) 7,114
Units 46
Occupancy 31%
Tenancy Multi
Lease Type NNN
Lease Term 5
Lease Expiration 08/31/2031
Remaining Term 5
Rent Bumps Yes
Price per SqFt $520
Class B
Year Built 1964
Year Renovated 2016
Buildings 1
Stories 1
Acreage 0.670
Zoning B-1 - Neighborhood Business
Investment Type Owner/User
Tenant Credit No Credit Rating
Lease Commencement 09/01/2026
Sale Condition N/A
7,114 SF | 69% Vacant | Owner/User Medical
Marketing description
The property presents an owner-user medical office opportunity with in-place income in Lighthouse Point, just off Federal Highway. The ± 7,114 SF Building sits on ± 0.67 Acres and offers 46 parking spaces (6.5/1,000 SF).
Configured as a multi-tenant, divisible layout, the property allows an owner user to occupy ± 4,890 SF (69%) up to the entire building and/or benefit from a leaseback from the seller in ±2,224 SF to create immediate income and reduced occupancy costs.
Positioned as a rare owner-user medical office with in-place income, the property offers a combination of layout, parking, and cash flow that reduces occupancy costs while providing long-term control of the real estate in a premier market.
Investment highlights
- Single-story layout allowing for efficient patient access and circulation.
- 4,890 SF Available for an Owner/User
- 2nd Generation Medical Space
- 2,224 SF Leased Back from Seller at Market Rate
- Private on-site parking field with 46 spaces (6.5/1,000 SF) supporting high patient volumes with Covered Dropoff and Pickup
- Strong visibility along NE 25th Street with convenient ingress and egress.
- Located just off Federal Highway, providing immediate access to the corridor without congestion, improving patient convenience and ingress/egress.
- Impact-resistant windows providing enhanced storm resiliency and reduced business interruption risk.
Listing Contacts
Listed by Colliers - Palm Beach - Boca Raton, Florida
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