The Offering
CBRE, Inc., acting as exclusive agent, is pleased to offer for sale Columbia Medical Plaza, an 84.1% 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.
Investment Summary:
•Strategic location near major hospitals, highways and public transportation
•Value-add opportunity with strong historical medical office occupancy
•Robust projected population growth
•Stable tenant base with a weighted average of 6.4-years of term remaining
•Favorable trends will drive future MOB demand
•Adjacent to HCA-Owned Hospital
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
Miguel Alcivar
Associate
+1 305 381 6488
Debt & Equity Finance
Jason Hochman
Vice President
+1 305 381 6439
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
CBRE, Inc. – Licensed Real Estate Broker
More Information
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