Sale-Leaseback

Pennsylvania

Zeustra represented fourteen cardiologists in the sale-leaseback of their primary real estate asset.  The goal was to maximize the value of the real estate through a sale, providing the physician partners with liquidity.  Zeustra structured the lease agreement on behalf of the partners in a way that minimized partnership risk and maximized real estate value.  We were able to identify an established 1031 exchange buyer that out-bid the institutional market, achieving a record cap rate in the marketplace.

• Private practice group
• Cardiology
• 33,000 SF
• $12,600,000 Sale
• Value Added: 10%
• 1031 buyer
• 3-month marketing and sale process