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4980 Bronson Highway
SOLD

GCDC Orlando LLC Acquires Medical Office In Saint Cloud For $5.3M

4980 Bronson Highway

Medical Office
clock iconSold 37 days ago
Jeffrey Cicurel
Ron Osborne
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Summary

Sale
FLORIDA
Medical Office

The Sanitas Medical Center property located at 4980 East Irlo Bronson Memorial Highway in Saint Cloud, Florida was sold for $5.3 million. The buyer, GCDC Orlando LLC, acquired the property from PD St. Cloud LLC. The transaction was facilitated by Ron Osborne of Sperry Commercial Global Affiliates I RJ Realty, who represented the buyer, and Jeffrey Cicurel of JLL, who represented the seller.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $5,300,000
  • Buyer: GCDC Orlando LLC
  • Seller: PD St. Cloud LLC
  • Buyer's Rep: Ron Osborne - Sperry Commercial Global Affiliates I RJ Realty
  • Seller's Rep: Jeffrey Cicurel - JLL
  • Lender: Drew Saito - Locality Bank

Ron Osborne of Sperry – RJ Realty, the buyer's representative, not only facilitated the transaction but also arranged financing through Locality Bank. GCDC Orlando LLC, the buyer, has expressed interest in acquiring more properties in major MSAs with cap rates exceeding 7.5%, aligning with the current interest rates ranging from 7-8%.

Players

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    5

  • Agents

    2

  • Agencies

    2

  • Lenders

    1

Jeffrey Cicurel's profile picture
Jeffrey Cicurel
JLL-image
Director
$103.1M Sold
Ron Osborne's profile picture

Details

Deal Summary
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SOLD
IMAGE: 06/06/2024 ADDRESS: 4980 East Irlo Bronson Memorial Highway MARKET: Saint Cloud ASSET TYPE: Medical Office BUYER: GCDC Orlando LLC SELLER: PD ST. Cloud LLC BUYER'S REP: Ron Osborne - Sperry Commercial Global Affiliates I RJ Realty SELLER'S REP: Jeffrey Cicurel - JLL LENDER: Drew Saito - Locality Bank SALE PRICE: $5,300,000 NOTE: GCDC Orlando LLC purchased a Sanitas Medical Center property in St Cloud, Florida for $5.3 million, with Ron Osborne of Sperry – RJ Realty representing the buyer and arranging financing through Locality Bank. The buyer seeks more properties in major MSAs with cap rates over 7.5%, adjusting to the current interest rates of 7-8%.

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Address4980 Bronson Highway

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