CareRite Centers Acquires Medical Facility In Boca Raton For $14.9M

On November 18, 2021, a medical facility located at 6363 Verde Trail South in Boca Raton was sold for $14,900,000. Spanning across 8.37 acres, this property offers a total of 180 rooms with a price per room of $82,778. The facility measures 80,275 square feet, resulting in a price per square foot of $186. The transaction involved the buyer, CareRite Centers, and the seller, Cascade Capital Partners, represented by Chaim Rajchenbach and Menachem “Nachy” Shabat.

Summary of transaction details:

• Property Type: Medical Facility
• Transaction Amount: $14,900,000
• Address: 6363 Verde Trail South
• Market: Boca Raton
• Acres: 8.37
• Rooms: 180
• Price per Room: $82,778
• Square Feet: 80,275
• Price per Square Foot: $186

The transaction was facilitated with a loan amount of $31,520,000 provided by VNB New York LLC. It is worth noting that this article does not provide any additional information regarding the deal.