The Offering
CBRE, Inc., acting as exclusive agent, is pleased to offer for sale Columbia Medical Plaza, an 84.6% leased medical office building comprising 43,798 SF of rentable area directly across from the newly repositioned, 250-bed West Palm Hospital. The Property offers an above-market parking ratio and a convenient location, only 0.5-mile from I-95 and 1.0-mile from the Mangonia Park Tri-Rail Station. Since acquiring the Property in 2010, Ownership has increased the occupancy from 32% and invested over $800,000 in capital improvements to tenant suites, landscaping, the lobby and common areas. There remains significant upside potential to stabilize the asset above 90% occupancy without the high capital costs that are often required for a value-add opportunity.
Features
•Strategic location near major hospitals, highways and public transportation
•$800,000 invested in capital improvements since 2010
•Value-add opportunity with strong historical medical office occupancy
•Robust projected population growth
•Stable tenant base with term remaining
•Favorable trends will drive future MOB demand
•HCA hospital ownership
•Designed for 7,000 SF building expansion
For more information on the Columbia Medical Plaza please visit us online at http://pcg.cbre.com/pcg-invite/8763
Exclusive Contacts
Property Inquiries & Tours
Scott O’Donnell
Senior Vice President
+1 561 393 1602
scott.odonnell@cbre.com
Dominic Montazemi
Vice President
+1 561 393 1622
dominic.montazemi@cbre.com
Miguel Alcivar
Associate
+1 305 381 6488
miguel.alcivar@cbre.com
CBRE, Inc.Licensed Real Estate Broker
Healthcare Capital Markets
Chris Bodnar
Senior Vice President
+1 303 628 1711
chris.bodnar@cbre.com
Lee Asher
First Vice President
+1 404 504 5965
lee.asher@cbre.com
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