The medical office building is a fully leased two-story building with the majority being occupied by the Seller, OB/GYN Specialists of the Palm Beaches.
“Investors are viewing medical office as a haven in a disrupted environment.”
Entities that bought the properties appear to be linked to Lakewood, New Jersey-based Imperial Healthcare Group LLC.
The building’s prime location in the heart of the Coral Springs business district offers numerous advantages for medical professionals. Its proximity to hospitals and other medical facilities makes it an ideal choice for practitioners looking to establish or expand their practices.
Walgreens, which originally purchased the building for $3.85 million in 2007, will continue to lease the ground floor of the 10,194-square-foot building while Orlando Health will use the rest for office space.