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Office Vacant-User

Coral Medical Building

10139 NW 31st St, Coral Springs, FL 33065

Listing Price: $2,200,000

Gross SF
10,720
Rentable SF
10,720
Price/Gross SF
$205.22
Lot Size
0.70 acres
Year Built
1987

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale the Coral Medical Building (the “Property”) located at 10139 Northwest 31st Street in Coral Springs, Florida. The Property is a fully occupied medical office building consisting of 10,720 rentable square feet on approximately three-quarters of an acre of land. The building is currently occupied with a strategic blend of professional medical specialists. The current owner occupies the entire second floor of the building and is willing to vacate upon sale, presenting the unique opportunity for an owner-user to immediately occupy more than 50 percent of the building. The Coral Medical Building is conveniently located about a half mile west of University Drive, and about two blocks south of Sample Road, with close proximity to the 250-bed Broward Health Coral Springs hospital and the Northwest Medical Center. The location also sits strategically between the Sawgrass Expressway and the Florida Turnpike, providing easy access for commuters and clients. The average lease term in the building is currently over two years remaining with options to renew and annual rent escalations of three percent. The Property offers a unique opportunity for an owner-user looking for a prime location in a highly sought-after submarket, with the ability to obtain SBA financing and enjoy cash flow from the remaining tenants in the building.

Investment Highlights

  • OWNER-USER OPPORTUNITY: Unique opportunity for an owner-user looking for a prime location in a highly sought-after submarket, with the ability to obtain SBA financing
  • PRIME OFFICE LOCATION: Centrally located in the heart of Coral Springs just off Sample Road & University Drive, walking distance to Coral Springs Medical Center
  • HIGH DENSITY CORRIDOR: Traffic counts of nearly 40,000 vehicles per day on Sample Road
  • HIGH DENSITY CORRIDOR: Traffic counts of nearly 40,000 vehicles per day on Sample Road
  • STRONG DEMOGRAPHICS: Population of nearly 150,000, and average household income of over $100,000, within a 3-mile radius

Exclusively Listed By

Office Vacant-User

Coral Medical Building

Listing Price: $2,200,000

Gross SF
10,720
Rentable SF
10,720
Price/Gross SF
$205.22
Lot Size
0.70 acres
Year Built
1987

Investment Highlights

  • OWNER-USER OPPORTUNITY: Unique opportunity for an owner-user looking for a prime location in a highly sought-after submarket, with the ability to obtain SBA financing
  • PRIME OFFICE LOCATION: Centrally located in the heart of Coral Springs just off Sample Road & University Drive, walking distance to Coral Springs Medical Center
  • HIGH DENSITY CORRIDOR: Traffic counts of nearly 40,000 vehicles per day on Sample Road
  • HIGH DENSITY CORRIDOR: Traffic counts of nearly 40,000 vehicles per day on Sample Road
  • STRONG DEMOGRAPHICS: Population of nearly 150,000, and average household income of over $100,000, within a 3-mile radius

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale the Coral Medical Building (the “Property”) located at 10139 Northwest 31st Street in Coral Springs, Florida. The Property is a fully occupied medical office building consisting of 10,720 rentable square feet on approximately three-quarters of an acre of land. The building is currently occupied with a strategic blend of professional medical specialists. The current owner occupies the entire second floor of the building and is willing to vacate upon sale, presenting the unique opportunity for an owner-user to immediately occupy more than 50 percent of the building. The Coral Medical Building is conveniently located about a half mile west of University Drive, and about two blocks south of Sample Road, with close proximity to the 250-bed Broward Health Coral Springs hospital and the Northwest Medical Center. The location also sits strategically between the Sawgrass Expressway and the Florida Turnpike, providing easy access for commuters and clients. The average lease term in the building is currently over two years remaining with options to renew and annual rent escalations of three percent. The Property offers a unique opportunity for an owner-user looking for a prime location in a highly sought-after submarket, with the ability to obtain SBA financing and enjoy cash flow from the remaining tenants in the building.

Exclusively Listed By

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