After initially facilitating the successful marketing and sale effort involving their 5-unit apartment property in Hillcrest, Palma agent was offered the assignment to help this investor, a doctor by trade, find and secure a large multi-tenant medical office building for acquisition, to house a new satellite office for their growing medical practice, among other complimentary medical office tenants.
Palma agent quickly got to work searching through all of their resources to find a property that could potentially meet the Buyer requirement, and was able to find this gem, which had been on the market before but had expired. With the help of the leasing agent assigned to this property, Palma agent was able to successfully negotiate favorable terms of purchase for his client, Dr(s). Chao, founders of Oasis MD.

Agent(s) Involved: Joseph Burrough
Agency/Representation: Buyer

Transaction Details

Status: Closed
COE Date: 9/23/2016
Price: $8,250,000
Tenants: Multiple/Medical
Year Built: 1990
Bldg. Size: 45,858 SF
Lot Size: 110,207 SF (2.53 AC)
Lease Terms: Varied
Price/SF of RBA: $180
Price/SF of GLA: $75