SRS Completes Sale of Conviva Care Center in Greenacres, FL
SRS Real Estate Partners’ National Net Lease Group has completed the sale of a freestanding Conviva Care Center located in Greenacres, within Florida’s Palm Beach County.
SRS NNLG’s Patrick Nutt and William Wamble represented the seller, Mouhalis Capital Management, in the $4.32-million transaction with California-based buyer Trojan Opportunities, LLC.
“This asset garnered multiple offers and we ultimately sold the property at full asking price to a California-based private investor,” commented Will Wamble, VP with SRS. “While certain sectors of tenants garner less attention in a post-Covid era, the pricing and terms of this transaction go to show that well-located real estate occupied by creditworthy medical tenants are in very high demand.
The property is a 7,928-square-foot, single-tenant building built in 2008 and renovated in 2021. Conviva recently signed an eight-year absolute NNN lease to ensure its long-term commitment.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.