Alliance Consolidated Group Of Companies Acquires Medical Office Portfolio For $8.6M
1450 6th Street Southeast, Winter Haven, Florida 33880, United States
$8,600,000
$337/SF
Building Size
25,483 SF
Asset Type
—
Closing
Nov 1, 2022
About this deal
AI
Florida Dermatology & Skin Cancer Centers has sold four medical office properties located in Winter Haven, Lake Wales, Inverness, and Pinellas Park for a total of $8,600,000. The properties, with a combined square footage of 25,483, were acquired by Alliance Consolidated Group of Companies, represented by Ben Reinberg.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $8,600,000
- Addresses:
- 1450 6th St. SE
- 421 Linden Lane
- 927 U.S. Highway 41 South
- 6020 Park Blvd
- Market: Winter Haven, Lake Wales, Inverness & Pinellas Park
Alliance Consolidated Group of Companies, led by Ben Reinberg, successfully purchased the medical office properties from Florida Dermatology & Skin Cancer Centers. The properties offer a total of 25,483 square feet of medical office space across Winter Haven, Lake Wales, Inverness, and Pinellas Park. This transaction signifies the consolidation of the medical office portfolio within these multiple markets.
Winter Haven CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93