VITAS Healthcare Corporation Of Florida Renews And Expands Lease At 1901 South Congress Avenue
1901 South Congress Avenue
Building Size
27,879 SF
Asset Type
Office
Closing
Oct 25, 2026
About this deal
AI
The property involved in this transaction is an office space located at 1901 South Congress Avenue, Boynton Beach, FL. The asset measures 27,879 square feet and is leased in a deal that includes a renewal and expansion by VITAS Healthcare Corporation of Florida. The specific size of the lease is 25,334 square feet, with an additional 2,545 square feet being added as part of the agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Lease Size: 27,879 square feet
- Landlord: Congress Properties & Investments, LLC
- Tenant: VITAS Healthcare Corporation of Florida
- Landlord's Representative: Brian Batchelder & Joseph P. Byrnes - Berger Commercial Realty
- Tenant's Representative: Michael Leiser - Summit CRE Advisors
This lease agreement was negotiated for a term of six years, showcasing an expansion strategy for VITAS Healthcare Corporation of Florida at the Woolbright Corporate Center. The representation of the landlord was handled by Berger Commercial Realty, while the tenant was represented by Summit CRE Advisors.
On the Map
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93