ShareMD Acquires Medical Office In Palm Beach County For $38M
SOLD
$38,000,000
Florida
See Similar Deals100,700 SF
Sold 12/20/2021
SOLD
ShareMD Acquires Medical Office In Palm Beach County For $38M
7593 W Boynton Beach Blvd
See Similar Deals100,700 SF
Sold 12/20/2021
Summary
FLORIDA
Price Per Square Foot:$377
Total Square Footage:100,700 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,026,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$135,005.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$180,139.39
Annual Debt Service$2,161,672.64
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