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(Read more on the debt and equity markets.)

BAYONET POINT, FL-MMIC has obtained $10.55 million in financing to acquire the three-building Summit Medical Plaza on State Road 52. Summit Medical Plaza consists of one- and two-story medical office facilities with 49,925 sf.

Des Moines-based Principal Global Investors provided the financing, which was a non-recourse, five-year term loan. The financing was arranged by Craig Romer, of Delray Beach-based Dockerty Romer & Co.

Constructed between 2000 and 2003, the buildings are 94% occupied. The buildings are located three miles south of the HCA Regional Medical Center in Pasco County and contain tenants that provide complementary services to the medical center.

“Healthcare is a specialized area of the market,” Romer says. “Each transaction presents unique nuances such as hospital ground leases, specialized tenant needs, governmental licensing/regulations and overnight stay beds.”

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