Updated Oct 6, 2026
Bryan Gorrita Of The Canero Group Represents Buyer In $16M Medical Office Sale In Port St. Lucie
$16,000,000
$228/SF
Building Size
70,000 SF
Asset Type
Medical Office
Closing
Sep 24, 2026
About this deal
AI
This transaction involves a medical office asset sold for $16,000,000. The property encompasses over 70,000 square feet and is located in Port St. Lucie, Florida. The asset is a Class A ground-up medical office development with a strong national-credit tenant commitment.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $16,000,000
- Square Footage: 70,000
- Price Per Square Foot: $228
- Market: Port St. Lucie
- Broker: Bryan Gorrita - The Canero Group
Bryan Gorrita sourced and represented the buyer in this off-market healthcare real estate transaction, marking another significant medical office development sale in the Port St. Lucie market.
Players
Market 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93