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
