$18.3M Mixed-Use Sale Signals Confidence In Delray Beach Market
Colliers’ South Florida Investment Services Team represented the seller in the sale of the ±77,852-square-foot mixed-use property.
Colliers’ South Florida Investment Services Team represented the seller in the sale of the ±77,852-square-foot mixed-use property.
Colliers Executive Vice President Mark M. Rubin and Senior Vice President Bastian Schauer of the South Florida Investment Services Team collaborated with Executive Vice President Gary A. Gottlieb in representing the seller in the transaction.
The medical center was 100% occupied at the time of the sale.
Mark Rubin, Bastian Schauer, Jake Stauber, and Senior Financial Analyst Jared Mann of the Colliers South Florida Investment Services Team represented the seller in the transaction.
The medical office building is leased long-term to the University of Miami (UM) Hospital.
The property, which was 100% occupied, closed on May 12 for $11 million.
Northeastern investors continue to move their capital to the West Palm Beach office market.
Both buildings total 71,682 square feet and are situated on 2.62 acres of land.
Executive Managing Director Mark M. Rubin and Director Bastian Laggerbauer of Colliers | South Florida Investment Services Team represented the seller in the transaction.
Michael Feuerman, Steve Hyatt and Daniel Silver of Berger Commercial Realty represented the seller. Mark M. Rubin and Bastian Laggerbauer of Colliers | South Florida Investment Services Team represented the buyer.
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