Stuart Cardiology Group Signs 10 Year NNN Lease At 4750 East Park Drive In Palm Beach Gardens
LEASED
$45
Florida
See Similar DealsOffice12,659 SF
Leased 11/03/2025
LEASED
Stuart Cardiology Group Signs 10 Year NNN Lease At 4750 East Park Drive In Palm Beach Gardens
4750 East Park Drive
See Similar DealsOffice12,659 SF
Leased 11/03/2025
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$45
Total Square Footage:12,659 SF
Transaction Type:Lease
The asset involved in the transaction is an office property located at 4750 East Park Drive in the Palm Beach Gardens market. The total square footage of the property is 12,659. The asking rent for the lease is $45 per square foot, and the lease term spans 10 years. This lease is categorized as a NNN Lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $45/ft
- Square Footage: 12,659
- Address: 4750 East Park Drive
- Market: Palm Beach Gardens
- Landlord: Northcorp III, LTD
- Tenant: Stuart Cardiology Group
- Landlord's Representative: John Clark Bills
- Tenant's Representative: Lucia Hedke - JLL
- Lease Term: 10 years
- Lease Type: NNN Lease
In this transaction, Northcorp III, LTD acts as the landlord while Stuart Cardiology Group is the tenant. The landlord's representative is John Clark Bills, and the tenant's interests are represented by Lucia Hedke from JLL. The arrangement facilitates a long-term operational presence for the tenant in the office space.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$653,045.62
Total Lease Value
$6,530,456.17
Net Landlord Cash Flow$653,045.62
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