Medical Office Building In Broward Sells For $11M

A medical office building near Plantation General Hospital traded for $10.9 million in two transactions.

Plantation-based 4100 Hospital Drive LLC, managed by developer Bruce Chait, issued two deeds for $5.45 million each for the 37,436-square-foot medical office building at 4100 S. Hospital Drive to 4100 Hospital Office LLC, managed by Janalie C. Joseph in West Palm Beach. Keystone Real Estate Income Trust provided a $5.8 million loan to the buyer.

The price equated to $291 per square foot.

The property last traded for $3.25 million in 2017. It was built on the 3.2-acre site in 1968.

Plantation General Hospital is slated to move into a new building on Nova Southeastern University’s campus in Davie.

Source: SFBJ

April 18, 2019/by ADMIN

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