FORT LAUDERDALE, FL—Memorial Hospital Pembroke, a 179,745-squarefoot hospital in Pembroke Pines, is up for sale again.Marcus & Millichap just listed the asset for$54 million with a 8.58% cap rate.
M&M listed the hospital about three and a half years ago at$62 million with a 7% cap rate. The hospital’s ownership entity andthe hospital itself are both nonprofits.
“We are targeting either high net worth individuals who possiblyhave a foundation or are philanthropic in nature,” Adam J.Tiktin, a vice president investments in Marcus &Millichap’s Miami office, tells GlobeSt.com. “This is a zero cashflow transaction.”
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