Hollywood Diagnostics Center - Hollywood, FL
“It was a pleasure partnering with HG Real Estate from beginning to end. In addition to procuring a desirable price, HG’s healthcare real estate knowledge was extensive and their transaction expertise made the process seamless.”
— Transaction Summary —
Transaction Value: $4,450,000
Highlights: 15-year absolute triple-net lease signed upon close of escrow, sale-leaseback, 100% medical occupancy, single tenant.
Property Components: MRI and CT Scan Capabilities
Buyer: Private Equity Firm Seller: Physician
— Background —
The Hollywood Diagnostics Center (HDC), a leading imaging practice located in Broward County Florida, is strategically located between two heath systems. HDC’s real estate was quickly sold off-market due to its superior investment characteristics. The buyer and seller agreed to execute a sale-leaseback in which the seller retained a minority position in the acquiring entity in order to maximize their financial upside.