SVN Florida’s Medical Office Building Division Completes $6.6M Sale and Leaseback of Sebring Medical Facility
Advisor Mark Alexander, CCIM, a nationally recognized expert in medical office building properties, coordinates transaction of this attractive, fully operational facility in Sebring, Florida
Miami, Florida (May 30, 2014)— SVN Florida’s Medical Office Building Division recently completed a $6.6M sale and leaseback of a prominent medical facility in Sebring, Florida. SVN Floridacommercial real estate advisor Mark Alexandar, CCIM, a nationally recognized expert in medical office building properties, coordinated the transaction of this attractive and fully operational facility.
The two-story, 29,545-sq. ft. medical office building is ideally located on US Highway 27 adjacent to the local hospital. It is home to a medical practice and physical therapy office. In this triple net leaseback transaction, both will continue as tenants.
“Today’s healthcare environment and ecosystem looks much different than they did a few years ago and strategies related to properties and facilities are adapting to this,” explained Alexander, who frequently presents on this topic. “Changes in consumer habits, along with the well-publicized regulatory and policy issues within the healthcare industry, have positioned sale/leaseback as an attractive option for many providers.”
Alexander, who represented the seller, provides expert consultation in this area to clients throughout Florida and across the country and has led numerous medical office building transactions and sale/leasebacks. A sign of the teamwork that regularly takes place within SVN’s nationwide family of advisors and asset specialists, the New York-based buyer came to the deal through a team led by Gerard Pastrano, CCIM, managing director of SVN’s San Antonio office.
It marks the second medical office building deal that Alexander and Pastrano have collaborated on with this buyer, who historically has focused on multifamily assets.
“Triple net leaseback in the medical office building sector is hot and getting hotter,” Alexander said. “As with this deal, we’re seeing buyers and investors who traditionally have been focused on other property asset classes crossing over to the medical office building market. It’s creating new opportunities in which we’re well-positioned to support and lead.”
SVN Florida provides services in more locations than any other Florida commercial real estate firmand advisors in Jacksonville, St. Augustine, Tallahassee, Panama City, Pensacola, Ocala, New Smyrna Beach, Melbourne, Orlando, Lake Mary, Winter Park, Tampa, St. Petersburg, Sarasota, Bradenton, Naples, Fort Myers, Jupiter, West Palm Beach, Stuart, Fort Lauderdale, Hialeah and Miami. The SVN Florida team represents clients in office, multifamily, retail, industrial, self-storage, hospitality, marina, mobile home park and land transactions.
About Sperry Van Ness Florida Commercial Real Estate Advisors:
Sperry Van Ness is one of the nation’s largest and fastest-growing commercial real estate investment brokerage firms with more than 1,200 advisors and staff in 200 markets throughout the nation. The firm provides brokerage, tenant representation, consultation, asset management, property management, leasing, accelerated marketing and auction services. The Florida team consists of more than 90 advisors serving locations throughout the state. Sperry Van Ness advisors represent clients in office, multifamily, retail, industrial, self-storage, hospitality, marina, mobile home park and land transactions. All Sperry Van Ness offices are independently owned and operated. For more information on SVN Florida, visit www.svnflorida.com. For the latest news, trends and issues related to the commercial real estate market, visit SVN Florida’s blog www.svnflorida.com/blog/.
Zeszutko Corp.-PR on behalf of SVN Florida
Jerry Anderson, CCIM
Sperry Van Ness Florida Commercial Real Estate Advisors