Shane Strum Of Broward Health Acquires 10 Acres Of Land In Parkland For $14 Million
7625 University Drive
$14,000,000
Building Size
—
Asset Type
Land
Closing
Jun 25, 2026
About this deal
AI
The transaction involved a 10-acre vacant site located at 7625 University Drive in Parkland, FL. The sale price for the property was $14,000,000. The asset type categorized for this transaction is land, expanding the total land holdings of Broward Health in the area to 17 acres.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $14,000,000
- Buyer: Shane Strum
- Buyer’s Organization: Broward Health
- Seller: The School Board of Broward County
- Market: Parkland, FL
- Size: 10 acres
The sale was approved by The School Board of Broward County, indicating a strategic move by Broward Health as they evaluate plans for a future medical facility on the newly acquired land.
University Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida land sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93