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Transactions: Flagler Investment Holdings of Miami acquires MOB near hospital in Delray Beach, Fla.; NKF brokers the sale

DELRAY BEACH, Fla. – Miami-based Flagler Investment Holdings recently acquired the 32,520 square foot Delray Medical Office at 4675 Linton Blvd. in Delray Beach, a city along the Atlantic Ocean. According to healthcare real estate (HRE) research firm Revista, the price was $9.75 million, or $295 per square foot (PSF), for the 75 percent occupied facility. The MOB includes a surgery center and is close to the 439-bed Delray Medical Center, part of Dallas-based Tenet Healthcare Corp. (NYSE: THC). Adam Greenberg, Michael Lapointe and Michael Lohmann, from the Miami office of Newmark Knight Frank (Nasdaq: NMRK) brokered the sale.

For more information, please visit RevistaMed.com (subscription required).

For a local news media article on this transaction, please visit TheRealDeal.com.

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