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

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%.