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
Miami Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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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