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2855 West Commercial Boulevard

Wickshire Senior Living bought a Fort Lauderdale facility for $17.3 million, as Florida’s reputation as a magnet for retirees continues to spur investor demand in the sector.

The Brentwood, Tennessee-based company bought the property at 2855 West Commercial Boulevard from an affiliate of Denver-based Healthpeak Properties, records show.

The deal for the 293-unit facility equates to $59,044 per unit. The 303,992-square-foot building was constructed in 1988 on 18 acres, property records show.

The facility offers independent living, assisted living and memory care, according to Wickshire’s website.

Healthpeak Properties, a real estate investment trust led by Thomas Herzog, has been selling off its senior living facilities, including at least four in South Florida this year.

It sold three facilities in Boynton Beach and near Delray Beach and Boca Raton to Fortress Investment Group in May for $29.3 million.

 

Source:  The Real Deal

Westside-2

The Westside Medical Arts Building near Westside Regional Medical Center in Plantation sold for $15.5 million.

Westside Medical Center Development LLC, managed by Dhvanit Patel of Tampa-based Onicx, sold the 40,296-square-foot medical office building at 8251 W. Broward Blvd. to Westside MOB LLC, in care of Irvine, California-based Healthpeak Properties, an investor in medical office properties nationwide. The price equated to $385 per square foot.

The building sits on a 19,301-square-foot site leased from the owner of the hospital. The deed was for an assignment of the land lease, not the underlying land.

 

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Sonata Coconut Creek 760x320

Healthpeak Properties sold the Sonata Coconut Creek assisted living and memory care facility for $11.9 million.

HCP AM/Florida LLC, an affiliate of Irvine, California-based Healthpeak, sold the 94-unit, 67,547-square-foot assisted living facility at 4175 W. Sample Road to CREF3 FSLP Coconut Creek Owners, managed by Fortress Investment Group, the New York-based private equity firm.

The price equated to $126,596 per unit. The property last sold for $9.69 million in 2002.

 

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