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9868 State Road 7

Bo Boulenger Of Baptist Health South Florida Acquires Medical Office And Development Site For $26M
SOLDMedical Office

Bo Boulenger Of Baptist Health South Florida Acquires Medical Office And Development Site For $26M

9868 State Road 7 & 12401 West Oakland Park Boulevard

$26,000,000

Building Size

Asset Type

Medical Office

Closing

Jul 23, 2025

AI

The property involved in the transaction is a medical office and development site located at 9868 State Road 7 & 12401 West Oakland Park Boulevard. This asset covers an area of 26.98 acres and is situated in the Boynton Beach and Sunrise markets. The total sale price for this transaction was $26,000,000.

Summary of transaction details:

  • Property Type: Medical Office & Development Site
  • Transaction Amount: $26,000,000
  • Buyer: Bo Boulenger - Baptist Health South Florida
  • Seller: William R. Greenfield - TBT Partners LLLP; City of Sunrise

The transaction involved Bo Boulenger, representing Baptist Health South Florida, which has been active in significant real estate acquisitions totaling over $40 million. The purchases include the medical office building in Boynton Beach and a land deal in Sunrise intended for their first hospital in Broward County, which will feature a medical office building and a five-story parking garage.

Players

BF
Baptist Health South FloridaBuyer

Boynton Beach 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

0.61%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93