Jun
19
Tamarac Medical Office Trades in $4M Deal
ByCRE Florida Partners’ Michael Rauch and Tom Robertson worked on behalf of the seller, while City National Bank of Florida provided $2.9 million in acquisition financing.
CRE Florida Partners arranged the sale of a medical office building in Tamarac, Fla. The approximately 42,481-square foot asset changed hands in a $3.8 million deal on a 6.9 percent capitalization rate.
Located at 8333 W. McNab Road, the multi-tenant property offers office solutions for both medical and professional uses. According to public records, Pamata Inc. sold the property to Laundry Service LLC in May, while City National Bank of Florida provided $2.9 million in acquisition financing to facilitate the transaction…
