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Prime Healthcare Properties Acquires Gladiolus Surgery Center In Fort Myers For $4.6M
SOLD
$4,600,000
Florida
See Similar DealsMedical Office7,315 SF
Sold 02/19/2026
SOLD
Prime Healthcare Properties Acquires Gladiolus Surgery Center In Fort Myers For $4.6M
7431 Gladiolus Drive
See Similar DealsMedical Office7,315 SF
Sold 02/19/2026
Summary
FLORIDA
Asset Type:Medical Office
Price Per Square Foot:$628
Total Square Footage:7,315 SF
Transaction Type:Sale
The 7,315-square-foot Gladiolus Surgery Center is situated at 7431 Gladiolus Drive in Fort Myers, with a sale price of $4,600,000. The property is classified as a medical office and has witnessed an appreciation in value compared to its 2017 purchase price of $3.85 million.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $4,600,000
- Buyer: Prime Healthcare Properties
- Seller: Fort Myers LLC
- Broker: Adam Palmer - CBRE
- Square Footage: 7,315
- Price Per Square Foot: $629
Adam Palmer represented Prime Healthcare Properties in this transaction. The building remains fully leased to SCA Health Gladiolus Surgery Center, highlighting its ongoing operational status within the healthcare sector.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16
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