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Saum Sutaria Of Tenet Healthcare Acquires Medical Office At 1411 North Flagler Drive For $62M

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SOLD
$62,000,000

Florida

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Medical Office153,299 SF
Sold 10/07/2025
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SOLD

Saum Sutaria Of Tenet Healthcare Acquires Medical Office At 1411 North Flagler Drive For $62M

1411 North Flagler Drive

See Similar Deals
Medical Office153,299 SF
Sold 10/07/2025
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Medical Office
Price Per Square Foot:$404
Total Square Footage:153,299 SF
Transaction Type:Sale

The property involved in this transaction is a medical office located at 1411 North Flagler Drive in West Palm Beach. It was sold for $62,000,000 and features a total of 153,299 square feet, equating to a price per square foot of $404.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $62,000,000
  • Address: 1411 North Flagler Drive
  • Market: West Palm Beach
  • Square Footage: 153,299
  • Price Per Square Foot: $404
  • Buyer: Saum Sutaria
  • Company: Tenet Healthcare

This deal includes a ground lease that extends through 2060 with a 25-year renewal option, enabling Tenet Healthcare to expand its footprint alongside its other Palm Beach County hospitals.

Players

Saum Sutaria
Saum Sutaria
1 deal$62M volume
BUYER

Details

SOLD
IMAGE: Saum Sutaria DATE: 10/07/2025 ADDRESS: 1411 North Flagler Drive MARKET: West Palm Beach ASSET TYPE: Medical Office BUYER: Saum Sutaria - Tenet Healthcare SALE PRICE: $62,000,000 SF: 153,299 ~ PPSF: $404 NOTE: Tenet Healthcare paid $62M for the 153K SF Victor Farris Building at 1411 N. Flagler Dr. within its Good Samaritan Medical Center campus in West Palm Beach. The deal includes a ground lease through 2060 with a 25-year renewal option, expanding Tenet’s footprint alongside its other Palm Beach County hospitals.

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