Deal Size
5+ Million Dollars
Deal Broker
Scott Collins and Erik Gainor
Location
Florida
Multi-Tenant MOB, Boynton Beach
Florida
Zeustra represented a group of ten partners in the sale-leaseback of their medical office building located in Boynton Beach, Florida. Our team broadly marketed the property and was able to identify a regional investor that owned other properties in the same market. We overcame several challenges in the due diligence process that included short-term lease rollover. In the end, we surpassed our goal of $5 Million by $300K. We were able to achieve a very aggressive cap rate on a building that was over forty years old with an average lease term of five years.
- Multi-Tenant Medical Building
- Class B Facility with Orthopedic Group Anchor
- 30,000 SF
- $5,300,000
- Regional Investor – Buyer
- Value Added: 10%
