ShareMD Acquires Medical Office In Palm Beach County For $38M
7593 W Boynton Beach Blvd
$38,000,000
$377/SF
Building Size
100,700 SF
Asset Type
—
Closing
Dec 20, 2021
About this deal
AI
A medical office property located at 7593 W Boynton Beach Blvd & 10151 Enterprise Center Blvd in Palm Beach County has been sold for a total of $38,000,000. The property spans approximately 100,700 square feet, resulting in a price per square foot of $377. The sale took place on 12/20/2021.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $38,000,000
- Address: 7593 W Boynton Beach Blvd & 10151 Enterprise Center Blvd, Palm Beach County
- Market: Palm Beach County
The buyer of the property was ShareMD, while Woodside Health served as the seller. The transaction was facilitated by brokers Elliot LaBreche and Abigail Kind from VITALIS.
On the Map
$38,000,000
$377/SF
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Players
Boynton Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93