Tag Archive for: stan johnson co

Skilled Nursing Facility In Fort Myers Sells For $46.7M

13960 Plantation Road 760x320

SRS Real Estate Partners has brokered the sale of a single-tenant, 75-bed skilled nursing facility located at 13960 Plantation Road in Fort Myers.

An entity doing business as Plantation Medical Center SNU LLC sold the property to a private 1031 investment firm based in New York City for $46.7 million. Patrick Nutt and William Wamble of SRS’ National Net Lease Group represented the seller in the off-market transaction, and Jason Maier of Stan Johnson Co. represented the buyer.

Built in 2018, the 57,650-square-foot property is situated adjacent to the Gulf Coast Medical Center and is occupied by Lee Memorial Health System’s Gulf Coast Medical Center Skilled Nursing Unit. Lee Memorial Health System has 16 years remaining on its lease term with options to extend, according to SRS.

 

Source:  RE Business

 

 

 

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Florida-Based Developer Acquires Mult-Tenant MOB In Tampa

A Florida-based developer has acquired a 25,634-square-foot, multi-tenant medical office building in Tampa, Fla., from a group of local investors.

The asset traded through a 1031 exchange for $8.6 million and at a 7.44 percent cap rate. Director James Ullrich, Senior Director Jeff Matulis and Associate Michael Macchia of Stan Johnson Co. worked on behalf of the seller, while the company’s Houston office represented the buyer.

Located at 4531 S. Dale Mabry Highway in a dense residential area, the asset is close to important developments in the South Tampa submarket, such as the Gandy Bridge overpass project or the waterfront housing development in the Westshore Marina District. According to Ullrich, the lot is one of the deepest on South Dale Mabry. Tampa Sports Academy anchors the property, occupying roughly half of the building, while the remaining space is leased to three tenants on triple net leases.

 

Source:  CPE

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