Matthews Logo

Navigation Menu

1759 N UNIVERSITY DR, PEMBROKE PINES, FL, 33024

ClareMedica
$1,805,920

Key Information

Cap Rate
7.5%
$ per SF
$493
Tot. SF
3,657
Year Built
2006
Term Remaining
±10 YRS
Type
Office

Highlights

  • New 10-Year Medical Office Lease: ClareMedica Health Partners, LLC recently executed a long-term 10-year lease, providing stable, predictable cash flow with 2% annual rent increases.
  • 100% Expense Reimbursements: Tenant pays 100% of operating expenses, including taxes, insurance, CAM, and capital improvement pass-throughs, resulting in no landlord responsibilities.
  • Established Healthcare Operator: ClareMedica operates as a multi-location primary care and senior health services provider, benefiting from strong demographic demand in Broward County.
  • Prime Medical Corridor Location: Strategically positioned along N. University Drive within a dense suburban market surrounded by hospitals, outpatient centers, and high-demand residential neighborhoods.
  • Turnkey Medical Buildout: The ±3,657 SF suite is fully built for medical laboratory use, offering specialized improvements, functional layout, and operating infrastructure.
  • High Barriers to Entry: The Pembroke Pines submarket has limited availability of modern medical office space, supporting tenant retention and future rent growth.
  • Long-Term Value Preservation: With growing healthcare demand, an aging population, and limited new medical construction, the asset is positioned for durable performance over the long term.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203