Deal Size
12+ Million Dollars
Deal Broker
Erik Gainor
Location
Reading, Pennsylvania
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
