Flagler Investment Holdings Acquires Delray Beach Property For $9.75M With Seller's Rep Adam Greenberg

A medical office building located at 4675 Linton Boulevard in Delray Beach has been sold for $9,750,000. The property spans 33,000 square feet and is situated next to the Delray Medical Center. The transaction was executed at a price of $295 per square foot.

Summary of transation details:

• Property Type: Medical Office Building
• Transaction Amount: $9,750,000.00
• Address: 4675 Linton Boulevard, Delray Beach, FL
• Market: Delray Beach
• Seller's Representative: Adam Greenberg, DLC Management Corporation
• Buyer: Flagler Investment Holdings
• Loan Amount: $7,300,000 from Citibank
• Year Built: 2005
• Leased Percentage: 75%
• Tenants Include: Tenet Health affiliate ASC, South Palm Gastro Health, Total Vein and Skin Dermatology, South Florida Gastro Association

Flagler Investment Holdings completed the purchase of the property, which was sold by Delray Outpatient Properties LLC, an entity associated with principals at South Florida Gastroenterology Associates in Lake Worth. The deal was facilitated by NKF’s team, which included Adam Greenberg, Michael Lapointe, and Michael Lohmann, representing the seller.