{"id":1004179307,"date":"2017-06-06T07:34:31","date_gmt":"2017-06-06T15:34:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004179307"},"modified":"2023-04-09T22:44:03","modified_gmt":"2023-04-10T06:44:03","slug":"fort-lauderdale-area-medical-office-campus-trades-for-6m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-area-medical-office-campus-trades-for-6m\/","title":{"rendered":"Fort Lauderdale-Area Medical Office Campus Trades for $6M"},"content":{"rendered":"
\"2700<\/a>

2700 Hollywood Blvd.<\/p><\/div>\n

Cushman & Wakefield negotiated the sale of 2700 Hollywood Blvd., a 23,129-square-foot, two-building campus in Hollywood, Fla. The medical office property changed hands in a $6.3 million deal.<\/p>\n

Senior Director Greg Masin, Associate Andrea Vigil and Director Frank Begrowicz led the Cushman & Wakefield retail brokerage team that represented the seller, CSH-Hollywood Equities LP, an affiliate of Rabina Properties. The buyer was 2700 Hollywood Blvd LLC, an entity affiliated with Elite Plastic Surgery, while Bank of America originated $5.4 million in acquisition financing<\/a> to facilitate the transaction. The 10-year loan is set to mature in March 2027, according to public records.<\/p>\n

The advisory team also arranged an 11,700-square-foot lease with Fresenius Kidney Care South Broward prior to the sale, which allowed for a disposition at an enhanced return for the seller. Elite Plastic Surgery will utilize the remainder of the space for its practice.<\/p>\n

The office campus sits on a 1.2-acre site composed of an 18,580-square-foot main building constructed in 1957 and a 4,534-square-foot outparcel building developed in 1967. Located just east of Memorial Regional Hospital and the Interstate 95-Hollywood Boulevard exit, the property offers visibility on Hollywood Boulevard and is a short distance from Fort Lauderdale-Hollywood International Airport, Port Everglades and the South Broward Regional Courthouse.<\/p>\n

\u201cThis was a complex transaction that involved a patient, consultative approach and was aided by the Fresenius lease,\u201d<\/em> said Masin, in prepared remarks. \u201cThe addition of a credit tenant improved the asset\u2019s capitalization rate and will ultimately lead to further job creation for the City of Hollywood,\u201d<\/em> he added.<\/p>\n

Image courtesy of Cushman & Wakefield<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Cushman & Wakefield facilitated the transaction and procured a long-term lease prior to the sale, securing an enhanced return for the seller.<\/p>\n","protected":false},"author":240,"featured_media":1004179308,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21825,21783,21754,1492,21742,21747],"tags":[33250,34896,35978],"class_list":["post-1004179307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-finance","category-investment","category-medical-office","category-miami","category-latest","category-office","tag-bank-of-america","tag-cushman-wakefield","tag-greg-masin"],"acf":[],"yoast_head":"\nFort Lauderdale-Area Medical Office Campus Trades for $6M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-area-medical-office-campus-trades-for-6m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fort Lauderdale-Area Medical Office Campus Trades for $6M\" \/>\n<meta property=\"og:description\" content=\"Cushman & Wakefield facilitated the transaction and procured a long-term lease prior to the sale, securing an enhanced return for the seller.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-area-medical-office-campus-trades-for-6m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-06T15:34:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-10T06:44:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/2700-hollywood-boulevard-photo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"552\" \/>\n\t<meta property=\"og:image:height\" content=\"414\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Timea-Erika Papp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-area-medical-office-campus-trades-for-6m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-area-medical-office-campus-trades-for-6m\/\",\"name\":\"Fort Lauderdale-Area Medical Office Campus Trades for $6M - 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