A Delray Beach medical office property has changed hands in a $6.9 million transaction, adding another investment sale to South Florida’s active healthcare real estate market.

Benlee Asset Management acquired Delray Beach Medical Pavilion from 14000 S Military Trail LLC, a private-capital group. The property is located at 14000 S. Military Trail in Delray Beach and totals 36,041 square feet.

The building was 63.4% leased at the time of sale. Healthcare users account for 88% of the occupied space, reinforcing the property’s medical focus and its role as a community-serving outpatient destination.

The location is a key part of the asset’s appeal. Delray Beach Medical Pavilion sits along South Military Trail, a major corridor with roughly 38,500 vehicles passing daily. The property is also within a short drive of Delray Medical Center and two Baptist Health-owned hospitals.

Access to Interstate 95 and Florida’s Turnpike further expands the building’s reach, placing eight regional hospitals within a 30-minute drive. The property also offers covered parking, an amenity that is limited in the submarket and valued by both physicians and patients.

The buyer is expected to invest in capital improvements and repositioning efforts, which could help attract additional medical tenants. With limited new medical office development in the area and high barriers to entry, the property offers a value-add opportunity in a market where demand for outpatient healthcare space remains strong.