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%