Skip to main content Skip to footer
  • For sale
For Sale - Delray Medical Pavilion - #1
For Sale - Delray Medical Pavilion - #2
For Sale - Delray Medical Pavilion - #3
For Sale - Delray Medical Pavilion - #4
For Sale - Delray Medical Pavilion - #5
For Sale - Delray Medical Pavilion - #6
For Sale - Delray Medical Pavilion - #7
For Sale - Delray Medical Pavilion - #8
For Sale - Delray Medical Pavilion - #9
For Sale - Delray Medical Pavilion - #10
For Sale - Delray Medical Pavilion - #11

On behalf of ownership, the Colliers | South Florida Investment Services Team is pleased to present for sale Delray Medical Pavilion (the “Property”, “Building” or “Pavilion”), located at 14000 South Military Trail in Delray Beach, Florida. The Property is a 36,923 square foot medical office building situated on a high visibility 1.96-acre parcel along South Military Trail, a major north-south thoroughfare seeing an average of 34,500 vehicles per day.

Additionally, the highly coveted positioning of the Pavilion provides for seamless connectivity to the Florida Turnpike, Interstate-95, the Delray Beach Tri-Rail Station, and neighboring South Florida markets. Markedly, the Building is within a 10-minute drive to Delray Medical Center, a healthcare facility that has been serving the community since 1982 and is comprised of a 42-acre campus and includes a Level 1 trauma center with a 24-hour emergency room, capable of accommodating the severest of healthcare emergencies.

The Property was originally constructed in 1987 but has been consistently and impeccably maintained since 2010. There has been an infusion of approximately $591,000 of capital improvements revamping the landscaping, elevators, HVAC upgrades, roof work, paint, signage, common area modernization, lighting upgrades, and pavement improvements. Additionally, the newly modernized Delray Medical Pavilion has experienced strong leasing velocity over the previous six months, adding nearly 6,000 square feet of new tenants at above market rents, further highlighting the demand for quality medical office space in the Delray Beach submarket.

In addition to being proximate to Delray Medical Center and strong property metrics, the surrounding amenities create a highly desirable environment for tenants and their clients. The Building is within a 5-minute drive to four community shopping centers, which include grocers such as Publix Super Market, Sprouts Farmers Market, and a Winn Dixie. Other amenities include a Walgreens, CVS Pharmacy, Chipotle, Pollo Tropical, Chase Bank, and more. The Property is also within a 10-minute drive to Downtown Delray Beach, which features luxury shopping and dining options, seamless beach access, and multiple oceanside resorts.

The deal presents savvy investors and medical office space operators with a unique prospect to acquire a recently renovated medical office building in a thriving medical office submarket, with no competitive medical office buildings under construction, strong property cash flow, an opportunity to further stabilize the asset, proximity to a 42-acre medical center and strong supporting locational amenities.