Deal Size

14+ Million Dollars

Deal Broker

Erik Gainor and Corey Martier

Location

Hanover, Pennsylvania

Developer-Owned Medical Mall

Hanover, Pennsylvania

Zeustra represented a medical real estate developer in the sale of a 75,000 SF medical mall concept focused on geriatric care.  We were able to overcome significant hurdles as this was a condominium project located in a tertiary market.  After restructuring a number of leases and performing a financial audit of the profit and loss statements, Zeustra was able to identify latent value that added additional revenue to the bottom line.  After repositioning the asset for a sale, we succeeded in selling the building to a prominent US REIT at a record cap rate with an average lease term of less than 5 years.

  • Developer Owned
  • Multi-Use Facility
  • Geriatric Care
  • 75,000 SF
  • Condominium
  • $14,400,000 Sale
  • US REIT Buyer
  • Value Added: 12%
  • 4-month marketing and sale process (edited)