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3880 Coconut Creek Pkwy, Coconut Creek, FL, 33066

Coconut Creek Medical Center
$3,979,066

Key Information

$ per SF
$373
Tot. SF
10,644
Year Built
1977
Type
Healthcare
Occupancy
100%
NOI
$238,744

Highlights

  • Significant Rental Upside: In-place rents average $19.96/SF, presenting a nearly 50% mark-to-market opportunity versus prevailing rates of approximately $30/SF NNN along Coconut Creek Parkway.
  • 100% Occupancy: The recent execution of a lease in Suite 100 brings the property to full occupancy, offering strong current cash flow above 5.50% with upside from short term leases with below market rents.
  • Medical-Ready Configuration: Purpose-built layout suited for a wide range of specialties, including Urgent Care, Family Medicine, Pediatrics, OB/GYN, Dermatology, Aesthetics, and Orthopedics.
  • Prime Hard-Corner Location: Positioned at a signalized intersection with prominent monument signage and direct access to Broward College – North Campus. Located seconds from the Florida Turnpike, offering exceptional connectivity.
  • Rapidly Developing Trade Area: Located within a high-growth corridor, bolstered by recent nearby developments including Sprouts Farmers Market and Cali Coffee (both completed in 2025), less than one mile from the property.
  • Dense Surrounding Demographics: Situated in a suburban market with strong population density and established demand for healthcare services, supporting long-term tenant stability and rent growth.
  • Strong Traffic Exposure: Benefits from ±26,500 vehicles per day along Coconut Creek Pkwy, enhancing visibility and patient accessibility.

Photos

Location

Agents

Broker of Record

Kyle Matthews

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