facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Medical Office

/

Sale

/

6710-6834 W Sunrise BlvdPla...

Bezrat H., Corp Acquires Plantation Medical Office Park For $15.45M In Broward County
SOLDMedical Office

Bezrat H., Corp Acquires Plantation Medical Office Park For $15.45M In Broward County

6710-6834 W Sunrise BlvdPlantation, FL 33313, USA

$15,450,000

$244/SF

Building Size

63,319 SF

Asset Type

Medical Office

Closing

Jun 27, 2023

AI

Bezrat H., Corp has acquired Plantation Medical Office Park in Broward County for $15.45 million. The medical office campus, located at 6710-6834 West Sunrise Boulevard, spans a total area of 63,319 square feet. The purchase price translates to approximately $244 per square foot. The property is situated in Plantation, a market known for its medical facilities. Plantation Medical Office Park is in close proximity to Westside Regional Medical Center. The transaction was facilitated by Avison Young's Florida Capital Markets Group, with John K. Crotty, David Duckworth, Michael T. Fay, and Brian C. de la Fé representing the buyer and seller, PPP Capital, LLC.

Summary of transation details

  • Property Type: Medical Office
  • Transaction Amount: $15,450,000
  • Address: 6710-6834 West Sunrise Boulevard
  • Market: Plantation

Avison Young's Florida Capital Markets Group played a pivotal role in the sale of Plantation Medical Office Park. The medical office campus boasts a strong, nearly full occupancy rate. Its strategic location near Westside Regional Medical Center further adds to its appeal for healthcare professionals and patients alike. This acquisition marks a significant addition to Bezrat H., Corp's portfolio and showcases the expertise of the brokers involved in the deal, namely John K. Crotty, David Duckworth, Michael T. Fay, and Brian C. de la Fé from Avison Young.

Players

John Crotty

Avison Young

Broker

$1.6B

vol

53 deals

Broker
C
CorpBuyer

Miami Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.03%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93