Coconut Creek, FL 4848 Coconut Creek Parkway at Strada

4848 Coconut Creek Parkway, Coconut Creek, FL 33063
Lease Type NNN
Building Size 30,948 SF
Land Area 0.56 Acres
Status Active
Property Highlights
  • Rare opportunity to acquire a value-add medical office asset that’s part of a new Sprouts Farmers Market anchored Mixed-Use development in South Florida
  • Major upside through leasing or selling second and third floors with in-place income from long-term ground floor tenant, Genesis Care
  • Genesis Care has operated at this location since 2013 and operates 256 cancer treatment centers making it one of the largest providers of cancer care in the US
  • Ground floor space has been a cancer treatment center since 2009 ($7.5 million build-out, $5 million equipment package including a linear particle accelerator) and 5,000 SF of the second floor is built out as medical office
  • Dense in-fill market with high barriers to entry (139,000 people and 70,000 employees within 3 miles)
  • Dynamic trade area with close proximity to several demand generators including Wynmoor, a 55+ community with over 9,000 residents, Northwest Medical Center (289 beds), Broward College and Atlantic Technical College
  • Signalized corner location with excellent visibility to 32,600 cars per day and full access from both roads
  • Florida has no state income tax and in 2022 was ranked as the fastest growing state in the US with nearly 10,000 people moving to the Sunshine State every week