Andrew Socarras Purchases Lakeland Healthcare Facility From Dane Parker For Six Point Five Million
SOLD
$6,500,000
+ 1
Florida
See Similar DealsHospital18,504 SF
Sold 08/04/2025
SOLD
Andrew Socarras Purchases Lakeland Healthcare Facility From Dane Parker For Six Point Five Million
3240 South Florida Avenue
See Similar DealsHospital18,504 SF
Sold 08/04/2025
+ 1
Summary
FLORIDA
Asset Type:Hospital
Price Per Square Foot:$351
Total Square Footage:18,504 SF
Transaction Type:Sale
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
BROKERAGE
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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