A strategically located multi-tenant medical office building in a submarket with severe constraints on new development. High construction costs and a scarcity of available land limit new supply.
THE OPPORTUNITY
Acquire a multi-tenant medical office property strategically located adjacent to Baptist Health’s Bethesda Hospital East, a flagship 402-bed acute care facility serving the South Palm Beach County submarket. One of only three medical office properties directly serving the hospital, and because it is not on a land lease, is the only one without leasing approval requirements by the hospital.
Create value through capital improvements, cosmetic upgrades, speculative suite buildouts, targeted leasing campaigns, and sophisticated property/asset management.
THE RESULT
Currently executing our business plan for the asset, including maintaining & improving the asset with several capital projects including upgrades to the building systems, common areas, exteriors, and landscaping.
