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3240 South Florida Avenue

Andrew Socarras Purchases Lakeland Healthcare Facility From Dane Parker For Six Point Five Million
SOLDHospital

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

Michael Moreno

Matthews

Broker

$116.4M

vol

18 deals

Broker
Matthews
Matthews Brokerage

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