Updated Jul 24, 2025
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
About this deal
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.
On the Map
$26,000,000
Medical Office
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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