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News Release: Just Sold – Indian River Medical Office & Apartments

Marcus & Millichap

Recently Closed

Indian River Medical Office & Apartments
1485 37th Street, Vero Beach, FL 32960
23,580 SF | 1.25 Acres

Just Sold in Vero Beach, FL:

L.J. Tsunis & Jason Hague, along with their teams, are pleased to announce the successful sale of Indian River Medical Office & Apartments in Vero Beach, Florida. They had the exclusive listing to market the property on behalf of the seller. The buyer, a private investor was also secured and represented by the teams. The building was completed in 1984 and contains first floor medical office space and 14 second floor apartments, with a total rentable square footage of 23,580.

If you would like more information regarding this project, or any of our current listings please feel free to contact us.

Transaction Summary

Price: $3,075,000

Price per SqFt: $130.41

Type: Medical Office / Apartments

Units: 13 Office Units / 14 Apartments

Buildings: 1

Lot Size: 1.25 Acres

Rentable Square Feet: 23,580 SF

Investment Highlights:

  • 23,580 Square Foot Medical Office & Apartments Building
  • Built in 1984
  • 1.25 Acres
  • 100% Occupied
  • Sits Adjacent to Indian River Hospital

Exclusively Listed By

Krone Weidler
First Vice President, Investments
Healthcare Real Estate Group
O: (813) 387-4767
C: (813) 842-2365
License: FL BK698019

Louis James “L.J.” Tsunis
Healthcare Real Estate Group
O: (813) 387-4777
C: (516) 637-0479
License: FL SL3274497

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