Scott O’Donnell, Mike Ciadella, Greg Miller, Miguel Alcivar, Gino Lollio and Travis Ives Close Investment Sale of Palm Beach County Medical Office Building
BOCA RATON, FLORIDA, April 29, 2026 – Cushman & Wakefield announced today that the firm represented 14000 S Military Trail LLC in its $6.9 million sale of Delray Beach Medical Center in Delray Beach, Florida.
Delray Medical Pavilion
Cushman & Wakefield’s Scott O’Donnell, Mike Ciadella, Greg Miller and Miguel Alcivar teamed with Gino Lollio and Travis Ives, Co-Heads of Cushman & Wakefield’s U.S. Healthcare Capital Markets group, to represent the seller, a private-capital group led by Josh Hirth, in its transaction to Benlee Asset Management.
Located at 14000 S. Military Trail, Delray Beach Medical Pavilion totaled 36,041 square feet and is currently 63.4% leased, with 88% of the occupied space dedicated to healthcare users. The property boasts a prominent location along South Military Trail, a major thoroughfare with approximately 38,500 passing vehicles per day and is within a few minutes’ drive from Delray Medical Center and two Baptist Health-owned hospitals. Its access to nearby Interstate 95 and Florida’s Turnpike offers easy connectivity to eight regional hospitals in under 30 minutes. The property also stands out as one of two properties within the submarket with covered parking, a highly valued amenity by doctors and their patients.
“Delray Medical Pavillion, surrounded by dense residential neighborhoods, presents a rare value-add opportunity to acquire a community-serving boutique medical office building that will benefit from heightened medical demand well into the future,” said O’Donnell, Cushman & Wakefield Executive Managing Director. “With future CAPEX and other improvements planned by the buyer to reposition the asset, the property is uniquely positioned to add medical tenants in a market with high barriers to entry and an extremely limited pipeline of new MOB development.”
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for occupiers and investors with approximately 53,000 employees in over 350 offices and nearly 60 countries. In 2025, the firm reported revenue of $10.3 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
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