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7593 W Boynton Beach Blvd

ShareMD Acquires Medical Office In Palm Beach County For $38M
SOLD

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

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.

Players

Elliot LaBreche

Broker

$44.5M

vol

3 deals

Broker
S
ShareMDBuyer
WH
Woodside HealthSeller

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