For Sale: Florida Medical Office Portfolio

OFFERS REQUESTED BY WEDNESDAY, APRIL 23RD, 5:00 PM EST

OFFERING INFORMATION

OFFERING PRICE: $8,119,000
CAP RATE: 7.25%
PORTFOLIO SIZE: 51,681 SF
OCCUPANCY:  100%
LEASE TERM: Single-Tenant to Hospital Through July 2025
IN-PLACE NOI: $588,618

The Offering

The CBRE Healthcare Capital Markets Group is pleased to exclusively offer the Florida Medical Office Portfolio (“The Portfolio”) for purchase. The Portfolio consists of two (2) medical office buildings totaling 51,681 square feet located in South Pasadena and Crystal River, Florida. Both of the medical buildings are owned fee-simple and located on well-established hospital campuses with strong parent organizations, including Healthcare Corporation of America (NYSE: HCA) and Community Health Systems (NYSE: CYH). Each building is 100% leased on an absolute net basis to the respective hospital systems through July, 2025, offering investors a consistent and predictable cash flow. The portfolio’s appeal is evident in the stability of the existing tenancy and as a rare opportunity to acquire two fee-simple, on-campus, single-tenant, absolute net leased medical office buildings.

Investment Highlights
•Prominent Health System Connectivity
•Long-Term Stable Cash Flow
•Rare On-Campus Buildings Offered Fee-Simple
•Absolute Triple Net Leases
•Far Below Replacement Cost
•Heavy CON Protections in Florida
•“Recession Resistant” Property Category
•Delivered Free and Clear of Any Debt

CBRE U.S. HEALTHCARE CAPITAL MARKETS GROUP

Lee Asher
Senior Vice President +1 404 504 5965 lee.asher@cbre.com

Chris Bodnar
Senior Vice President
+1 303 628 1711
chris.bodnar@cbre.com

NET LEASE PROPERTIES GROUP

Brian Pfohl
CBRE Net Lease Property Group
+1 404 504 7893
brian.pfohl@cbre.com

LOCAL MARKET SPECIALIST

Scott O’Donnell
CBRE Private Capital Group FL License BK3005339
+1 561 393 1602
scott.odonnell@cbre.com