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5701 NW 88th Ave

47,285 SF 66% Leased Office Building Tamarac, FL 33321 $6,000,000 ($127/SF) 5.70% Cap Rate

Investment Highlights

  • The property's prime location in Tamarac, FL, makes it a desirable choice for businesses seeking office space in the area.
  • Multiple communities nearby, such as Hampton Hills Community Association, providing an easy commute for possible tenants.
  • Located minutes away from Colony West Golf Club, an 18-hole course that makes for another great location for client meetings.
  • Property is three miles east of the Sawgrass Expressway and three miles west of the Florida turnpike.
  • Plethora of dining options nearby, allowing for quick lunch breaks as well as possible client meeting locations.

Executive Summary

Pine Island Professional Center at 5701 NW 88th Avenue is an inviting office building, conveniently located near the intersection of Commercial Blvd and Pine Island Rd in Tamarac. The property boasts a 57,258 square foot building on 3.03 acres. The building has strong occupy with high-quality tenants. The exterior and common areas have undergone recent renovations, and many of the interior suites have also been updated. Tenants can benefit from high-speed fiber cables making the building ideal for call centers or insurance companies. There is also a public kitchen area on the third floor and lounges on each floor.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Building Size
47,285 SF
Building Class
B
Year Built
1985
Price
$6,000,000
Price Per SF
$127
Cap Rate
5.70%
NOI
$342,000
Percent Leased
66%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
15,762 SF
Building FAR
0.36
Lot Size
3.03 AC
Zoning
MXD - Mixed Use
Parking
260 Spaces (5.5 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Bus Line
  • Controlled Access
  • Signage
  • Kitchen
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • -
  • 5,000 SF
  • -
  • Modified Gross
  • -

At Americlaims they believe in educating their clients on how to increase revenue from third-party payers so they can enjoy a healthy revenue cycle and concentrate more on client care. Their goal is to improve the client’s cash flow position by reducing days in account receivable and improving profitability, by increasing collections ratio.

  • First Street Capital Corp
  • -
  • 3,763 SF
  • -
  • Modified Gross
  • Sep 2023
  • Great Health Choice
  • -
  • 2,161 SF
  • -
  • Modified Gross
  • Jul 2025

Health

  • -
  • 1,800 SF
  • -
  • Modified Gross
  • Dec 2023

At HealthyMD, they believe in providing anyone who’s sexually active with all of the information they need to make important decisions about their sexual health. Whether you don’t have a primary care doctor, want to keep your sexual health private, or don’t have access to a regular clinic, HealthyMD ensures you receive the care you need, when you need it. From private, FREE telehealth visits and FREE comprehensive at-home testing kits with results delivered securely online, to easily accessible treatment, HealthyMD is a one-stop-shop for all of your sexual health needs. Schedule an appointment with one of their licensed medical professionals and take the first step on your journey to a healthier sex life.

  • -
  • 4,726 SF
  • -
  • Modified Gross
  • Dec 2023

They provide comprehensive healthcare services to help reduce the spread of HIV, Hepatitis C, STDs, and PrEP disparities in their most vulnerable, marginalized, and underserved communities. With treatment and prevention medications, they can solve these disparities together.

  • -
  • 1,768 SF
  • -
  • Modified Gross
  • -

MasterTrace has officially merged with INTERTEL, an Ontellus Company, to create the largest medical canvassing operation in the industry. As the nationally recognized leader and industry architect, INTERTEL provides the most secure, consistent, and highest quality information to the claims industry. Rest assured that during this time of transition all MasterTrace customers will continue to experience everything you have loved about MasterTrace, while enjoying more benefits and value added.

  • -
  • 2,050 SF
  • -
  • Modified Gross
  • Apr 2024

At Meraki Solar, they are more than just a solar company; they’re a people company! They’re passionate about helping homeowners like you achieve their dreams of going solar, and they can’t wait to help you regain control of your home’s power.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
- 5,000 SF - Modified Gross -
First Street Capital Corp - 3,763 SF - Modified Gross Sep 2023
Great Health Choice - 2,161 SF - Modified Gross Jul 2025
- 1,800 SF - Modified Gross Dec 2023
- 4,726 SF - Modified Gross Dec 2023
- 1,768 SF - Modified Gross -
- 2,050 SF - Modified Gross Apr 2024

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Fl-Ste 240
  • 2,616 SF
  • Office
  • Full Build-Out
  • Now

Suite has four offices, conference room, some open space, reception area/waiting area, closet and lots of windows for natural light. Landlord will install new faux wood vinyl plant flooring, LED panel lights and paint the suite. Adjacent to elevator and bathrooms nearby. Common area breakroom on the 3rd floor.

  • 3rd Fl-Ste 300
  • 3,598 SF
  • Office
  • Full Build-Out
  • Now

Formerly a call center, this suite has open space, four offices, and lots of natural light. Landlord will update flooring and painting and will complete additional renovations for longer-term lease (4-5 years). Former Tenant combined this suite with #360 (1,725 sq ft) for additional office, common space, and a fully built out, large breakroom area.

  • 3rd Fl-Ste 370
  • 1,952 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
2nd Fl-Ste 240 2,616 SF Office Full Build-Out Now
3rd Fl-Ste 300 3,598 SF Office Full Build-Out Now
3rd Fl-Ste 370 1,952 SF Office Full Build-Out Now

2nd Fl-Ste 240

Size
2,616 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 300

Size
3,598 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 370

Size
1,952 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 240

Size 2,616 SF
Space Use Office
Condition Full Build-Out
Available Now

Suite has four offices, conference room, some open space, reception area/waiting area, closet and lots of windows for natural light. Landlord will install new faux wood vinyl plant flooring, LED panel lights and paint the suite. Adjacent to elevator and bathrooms nearby. Common area breakroom on the 3rd floor.

3rd Fl-Ste 300

Size 3,598 SF
Space Use Office
Condition Full Build-Out
Available Now

Formerly a call center, this suite has open space, four offices, and lots of natural light. Landlord will update flooring and painting and will complete additional renovations for longer-term lease (4-5 years). Former Tenant combined this suite with #360 (1,725 sq ft) for additional office, common space, and a fully built out, large breakroom area.

3rd Fl-Ste 370

Size 1,952 SF
Space Use Office
Condition Full Build-Out
Available Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
49-41-08-02-0210
Land Assessment
$1,219,900
Improvements Assessment
$3,245,630
Total Assessment
$4,465,530
  • Listing ID: 27688102

  • Date on Market: 1/10/2023

  • Last Updated:

  • Address: 5701 NW 88th Ave, Tamarac, FL 33321

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