Andrew Socarras Purchases Lakeland Healthcare Facility From Dane Parker For Six Point Five Million
3240 South Florida Avenue
$6,500,000
$351/SF
Building Size
18,504 SF
Asset Type
Hospital
Closing
Aug 4, 2025
AI
Healthcare asset located at 3240 South Florida Avenue in Lakeland, comprising 18,504 square feet. The property sold for $6,500,000 ($351 per square foot).
Summary of transation details:
- Property Type: Healthcare
- Transaction Amount: $6,500,000
- Address: 3240 South Florida Avenue
- Market: Lakeland
- SF: 18,504
- PPSF: $351
- Buyer: Andrew Socarras
- Seller: Dane Parker
- Broker: Jake Allen - Matthews Real Estate Investment Services
- Broker: Michael Moreno - Matthews Real Estate Investment Services
- Broker: Rahul Chhajed - Matthews Real Estate Investment Services
- Broker: Ryan Burke - Matthews Real Estate Investment Services
- Sale Date: 08/04/2025
The buyer, Andrew Socarras, and the seller, Dane Parker, completed the transaction on 08/04/2025. The deal was facilitated by Matthews Real Estate Investment Services, with Jake Allen, Michael Moreno, Rahul Chhajed, and Ryan Burke serving as the brokers on the transaction.
Players
Lakeland Hospital Market Snapshot
Boundary boundary · Hospital · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93