2685 Executive Park DrWeston, FL 33331

Property Details for 2685 Executive Park Dr

Year built

2000

Construction

CONCRETE

Lot size

0.39 AC

Property size (Sq ft)

15,492 SF

Zone code

O-1

Property type

Office buildings

APN

50-40-20-05-0040

APU

504020050040

Description

This exceptional investment opportunity presents a fully occupied, single-story medical office building situated within the well-maintained Lakeside Corporate Park in Weston, Florida. The property boasts a total of 15,429 square feet, strategically divided into eight individual units, all currently leased. The building sits on a 0.39-acre lot and enjoys convenient access to I-75 via Weston Road, placing it in close proximity to major medical facilities such as the Cleveland Clinic and Miami Children's Hospital. The property's strong tenant roster includes a Davita Dialysis center occupying 5,649 square feet (Units 1-3), an A+ Therapy physical therapy practice (Unit 4, 1,592 sq ft), a Nephrology group (Unit 5, 2,260 sq ft, leased May 2023), an Infusion Center (Unit 6, 1,628 sq ft, leased July 2023), and a Medical Research Company (Units 7 & 8, 3,888 sq ft). This turnkey investment offers immediate cash flow and significant long-term potential in a prime medical corridor. The building's excellent condition and strong tenant occupancy make it an attractive proposition for discerning investors seeking a stable and high-yielding asset. The asking price for this exceptional property is $5,999,500.

• CAP approach

  CAP return

  Valuation

  6%

  $3,581,862

  6.5%

  $3,306,334

  7%

  $3,070,168

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,576,646

  Geo Method

  $4,576,646

• Alternative Use

  Use

  Valuation

  Residential

  $4,099,854

  Hospitality

  $3,755,444

  Educational

  $3,124,486

  Medical

  $3,231,942

  Retail

  $4,860,311

Location Insight

City

Weston

County

Broward

State

Florida

Latitude

26.086

Longitude

-80.3732

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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