Palm Gardens at Miramar is a 47,000 square foot medical office condominium located at 14601 Hotel Road in the city of Miramar, Florida. This building is perfectly situated for access to both counties, just North of Miami-Dade County and just Southwest of Ft. Lauderdale and Hollywood, Miramar remains one of the premier communities in South Florida and was responsible for over 35% of Broward County’s growth in 2009. The location provides easy access to Interstates 75, 95, 595, and the Florida Turnpike making it a desirable location for both residential and commercial occupants. This could be one of the reasons why the area has been chosen for some of the country’s leading corporations such as GE, Royal Caribbean, Carnival Cruise Lines, NBC and Southern Wine & Spirits.
Palm Gardens at Miramar Medical Office Condominium represents a historic opportunity for small to medium sized medical professionals interested in investing in their businesses through real estate. Constructed by one of the area’s most respected builders, Coastland Construction, this building is ideally suited for medical professionals. Constructed in 2008, Palm Gardens at Miramar has well planned floor plates with interior covered beautifully aesthetic common areas, thus enhancing the long-term investment value of the individual suites. Since the property is in shell condition, purchasing space at Palm Gardens allows owners to work with the developer/builder to customize the interior of the office to their exact specifications and remain a cost effective opportunity.
Beyond the usual perks of owning your own property – accumulating equity through mortgage payments rather than throwing money out the window with rent; no worries about rent increases; freedom to customize the space; and the peace of mind that comes with the autonomy of ownership – now is the perfect time to buy. With historically low lending rates and 90% loan-to-value financing ownership at Palm Gardens extremely affordable – cheaper, in fact, than renting. Prices for similar properties throughout the Miramar area show convincing evidence that it’s on the rise. What this means for buyers is that they can get in on the “ground floor,” – that they can buy at the low end yet confidently expect that prices will rise in the very near future, thus increasing the value of their investment.
The other primary advantage of purchasing a medical professional suite in this building is the potential synergy that could develop among the owners or other occupants of the building. Palm Gardens’ third floor is an Ambulatory Surgical Center (ASC), managed by Surgicare of Miramar who is currently seeking additional physicians and partners to join as members. Surgeons who have their offices in Palm Gardens would be able to schedule surgeries between seeing patients without ever having to leave the building.
With options to configure spaces at varying sizes and the ability to meet any medical professional office’s needs, suites in this building would be ideal for single practitioners, multiple practitioners, medical offices and diagnostic centers. Palm Gardens at Miramar offers the key features that make investing in medical office space a good business decision.
With easy access to highways, extensive parking, a five minute commute to major hospitals (including Memorial Hospital Miramar, Memorial Hospital West and Palmetto General Hospital), eager lenders, historically low interest rates, and an affluent surrounding population that values the convenience of a centralized location for medical services – Palm Gardens at Miramar is a perfect investment for medical businesses.