MIAMI—A $6.6 million sale-leaseback on healthcare real estate just closed in Sebring, FL. Sperry Van Ness (SVN) brokered the sale of a two-story, 29,545-square-foot medical office building.
SVN's Mark Alexandar represented the seller. The deal marks the second medical office building deal that Alexander and SVN's Gerard Pastrano, managing director of SVN's San Antonio office, have collaborated on with this buyer, who historically has focused on multifamily assets.
“Today's healthcare environment and ecosystem looks much different than they did a few years ago and strategies related to properties and facilities are adapting to this,” says Alexander. “Changes in consumer habits, along with the well-publicized regulatory and policy issues within the healthcare industry, have positioned sale-leaseback as an attractive option for many providers.”
Home to a medical practice and physical therapy office, the medical office building is located on US Highway 27 next to the local hospital. Both will continue as tenant in this triple net leaseback transaction.
“Triple net leaseback in the medical office building sector is hot and getting hotter,” says Alexander. “As with this deal, we're seeing buyers and investors who traditionally have been focused on other property asset classes crossing over to the medical office building market. It's creating new opportunities in which we're well-positioned to support and lead.”
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