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

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.