Delray Medical Pavilion

Delray Medical Pavilion is a 37,440-square-foot, fully renovated medical office building located in the highly desirable Delray Beach market of South Florida. Originally constructed in 1987, the property underwent significant renovations in 2021, positioning it as a modern, turnkey opportunity for tenants in the healthcare sector. The building sits on a 1.96-acre site with ample parking, offering 120 total spaces (85 surface, 35 reserved), providing a competitive parking ratio for the submarket. Currently 100% vacant, the asset provides investors with immediate lease-up potential to capture market rents in a growing and robust medical office submarket.

The property is being offered at $240 PSF with an asking price of $9,000,000. The vacant status and the high-quality condition of the asset create an excellent opportunity to achieve stabilized returns through strategic leasing efforts. Located on Military Trail, the property benefits from strong visibility and access, situated near major healthcare providers and a dense, affluent residential population. This offering is ideal for investors seeking to capitalize on the demand for medical office space in a thriving market with long-term growth potential.