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Anchor Health Properties Acquires Medical Office Building In Plantation For $45.5M

Property Image
SOLD
$45,500,000
Greg Martin
Mark M. Rubin
+ 2

Florida

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95,790 SF
Sold 06/17/2022
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Property Image
SOLD

Anchor Health Properties Acquires Medical Office Building In Plantation For $45.5M

8100 Southwest 10th Street, Plantation, Florida 33324, United States

See Similar Deals
95,790 SF
Sold 06/17/2022
Greg Martin
Mark M. Rubin
+ 2
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Summary

FLORIDA
Price Per Square Foot:$475
Total Square Footage:95,790 SF
Transaction Type:Sale

Anchored Health Properties has acquired a medical office building located at 8100 SW 10th St in the Plantation market. The property spans approximately 95,790 square feet and was sold for a price of $45,500,000, resulting in a price per square foot of $475. The transaction took place on June 17, 2022.

Summary of transaction details

  • Property Type: Medical Office Building
  • Transaction Amount: $45,500,000
  • Address: 8100 SW 10th St
  • Market: Plantation

The seller of the medical office building was Starwood Capital Group and Vanderbilt Office Properties, while the buyer was Anchor Health Properties. Representing the buyer were Mark Rubin and Bastian Laggerbauer from Colliers International, as well as Justin Cope and Greg Martin from Avison Young.

Players

Mark M. Rubin
37 deals$896.8M volume(561) 302-2511
BROKER

Justin Cope
Avison Young
3 deals$45.5M volume
BROKER

Greg Martin
Avison Young
7 deals$56.1M volume
BROKER

Bastian Schauer
Colliers
42 deals$3B volume(561) 281-6656
BROKER


Starwood Capital Group
SELLER


Details

SOLD
IMAGE: Mark Rubin, Bastian Laggerbauer, Justin Cope & Greg Martin DATE: 06/17/2022 ADDRESS: 8100 SW 10th St MARKET: Plantation ASSET TYPE: Medical Office Building BUYER: Anchor Health Properties - Ilya Hvostikov SELLER: Starwood Capital Group & Vanderbilt Office Properties BUYER'S REP: Mark Rubin (@Sofloinvestmentsales) & Bastian Laggerbauer (@Bastian1992) - Colliers International (@ColliersInternational) & Justin Cope & Greg Martin - Avison Young (@Avison_Young_Global) SALE PRICE: $45,500,000 SF: 95,790 ~ PPSF: $475

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,426,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$161,651.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$215,693.21
Annual Debt Service$2,588,318.56