6710 W SUNRISE BLVD Plantation FL 33313-6066

Avison Young is pleased to present Plantation Medical Office Park (“the Property”), a six-building, single-story medical office campus located in Plantation, one of Broward County’s most desirable office submarkets.

The Property consists of ±63,319 rentable SF and is 98% occupied with a rent roll comprised entirely of medical tenants, many of which have been there for decades and have expanded their operations and occupied additional space.

• 98% leased with significant lease term and numerous options remaining, with no significant rollover until 2026

• Rent roll is comprised entirely of medical tenants

• Consistently maintained 90%+ occupancy levels over the last 6 years, demonstrating the strength of the asset

• The property has undergone a $1.59 million capital renovation program

• Major value-add potential via development of vacant pad

When combined with its centralized location in Broward County, dense and economically strong surrounding communities, and superb accessibility, Plantation Professional Park epitomizes the environment that today’s medical and professional tenants migrate towards. The proof statement for the desirability of Plantation Professional Park lies in recently executed 10-year leases with Blue Cloud Pediatric Surgery Center, Dickens Sanomi Academy and two separate three-year leases with Baptist Health.

The +/-7.84 acre site is a true medical and professional office park catering to the local community. Having undergone a $1.59M capital renovation program beginning in 2017, Plantation Professional Park is well-positioned to build upon recent leasing momentum, allowing investors to experience steady and predictable income growth while limiting exposure to capital expenses. Beyond leasing the three remaining vacancies, the Property offers a future development opportunity, including a potential +/- 22,000 SF medical office building.

Lease-up of 5,713 SF of vacant space in three ideally sized suites ranging from 1,265 to 3,183 SF. Current ownership has white boxed suites 100 and 100A, which should provide for limited tenant improvement expense upon lease-up

Mark-to-Market rents that are on average 17% below market

33.7% of RBA rolls over in Years 1 and 2 with expiring rents 28% below market

Additional development potential for a two-story +/- 22,000 SF medical office building on existing acreage

Either renewing the tenant in building 6782 in 2020 (who has premium visibility and frontage along Sunrise Blvd and is paying only $19/SF Gross) at a market-oriented lease structure, or replacing the tenant with someone willing to pay for this premium high-visibility location

STABILIZED MEDICAL AND PROFESSIONAL CAMPUS IN A DYNAMIC SUBURBAN OFFICE MARKET

Market-separating 5.7/1,000 RSF parking ratio (could be increased by paving development pad)

Long-term leases with Blue Cloud (2028) and Dickens Sanomi Academy (2029) provide for stable anchors and predictable cash flows at Plantation Professional Park and account for 34% of the existing RBA; neither tenant has a right to terminate prior to expiration

Single-story convenience provides tenants attractive low-cost rental options where tenants can save on exposure to common area expenses and no add-on loss factor

Drive-up exterior access provides easy and ideal entry for medical tenants and patrons

DESIRABLE FRONTAGE ALONG SUNRISE BOULEVARD

Prominent visibility along Sunrise Boulevard, which boasts an average daily traffic count of 60,000 VPD

Potential to reposition or attract a national tenant for Building 6782 upon current tenant’s expiration in 2020

EDUCATIONAL AND MEDICAL HUB

Located 2.5 miles from the 224-bed Westside Regional Medical Center, which is currently under construction on a $56M expansion to add a three-story 85,000 SF tower that will add 72 new private patient rooms

HCA East Florida will soon break ground on a new $219M five-story hospital at Nova Southeastern University’s Davie campus (5.6 miles away from Plantation Professional Park); the new 170-bed facility will be part of an “academical village” and directly partner with surrounding institutions

Plantation Professional Park is approximately 5 miles north of the South Florida Education Corridor, a consortium of five colleges with 65,000 students: Nova Southeastern, University of Florida extension campus, Florida Atlantic University-Broward, Broward College and McFatter Technical School

Cleveland Clinic, Ranked #1 (2017) in South Florida by the U.S. News and World Report, is located less than 13 miles to the west along I-75 and has broken ground on a $302M expansion project that will add 75 hospital beds, a women’s center, and increase emergency room capacity by 25%