1309 SOUTH FEDERAL HIGHWAY – SOLD

JUST SOLD: $3,871,000 | REPRESENTED BUYER | “OFF-MARKET” | NET-LEASED 7,887 SQ. FT. | HOLY CROSS MEDICAL OFFICE BUILDING | FORT LAUDERDALE, FL (RIO VISTA NEIGHBORHOOD)

Holy Cross Medical Center – Rio Vista Practice (the “Property”), an “Off-Market” free-standing, single-tenant 7,887 sq. ft., net-leased medical office building with 140 feet of frontage on South Federal Highway (US-1) in Fort Lauderdale, Florida has just been SOLD by Bonvie Realty. The building is occupied by Holy Cross Medical Group (HCMG), a local medical provider to Broward and Palm Beach counties and subsidiary of Holy Cross Hospital. The Rio Vista Practice is committed to serving the community and has been doing so in this location for the past 20 years. Its proximity to the residential neighborhood of Rio Vista allows the practice to service one of the most affluent communities in east Fort Lauderdale.

Holy Cross Medical Center’s direct proximity to the Downtown Fort Lauderdale MSA and convenient access to all major thoroughfares (north/south via US-1 and east/west via Davie Blvd and Interstate 595), make this location ideal for Holy Cross Medical Group. The Property enjoys visibility from nearly 60,000 vehicles per day from US Highway 1 and is located just two miles east of Interstate 95. Additionally, the location is just blocks from the 409-bed Broward Health Medical Center and within two miles of Kindred Hospital South Florida, as well as having Holy Cross Hospital, a 2,000,000+-square-foot hospital, conveniently located just seven miles to the north, allowing the Rio Vista Practice to act as an immediate satellite office for all HCH’s physicians and patients.

HIGHLIGHTS:

  • Medical Office Center with Over Ten Years of Lease Term Remaining
  • Single-Tenant, Net-Leased Investment with CPI Escalations Every Five Years
  • Tremendous Location Just Outside of the Core Downtown Fort Lauderdale Submarket
  • Located in Close Proximity to the Affluent Rio Vista Community
  • Tenant has Been in this Location for Over 20 Years