Normandy Blvd Medical Office Sells

A bank owned Medical Office Condominium sold to a subsidiary of Florida Physicians Group November 30, 2012. The property which which was a special asset of Regions Bank sold to the Group at an asking price of $260,000.00. David Enicks Sales Associate and Henry Rogers CCIM of Coldwell Banker Commercial Benchmark were the only brokers listed in the sale. The condominium was built in 2006. Tenant improvement including diagnostic suites, mulitple patient exam rooms, physician offices and special outpatient procedure rooms, sold at a substantial discount according to David Enicks.

"The Physicians Group was very fortunate to have the right property at the right time and at the right price not to require any financing. There are deals to be had they are becoming more difficult to find. A wise investor needs professional assistance to find these deals", said Enicks.

The condominium consists of 4912 SF according to tax records which equates to a sale price of 52.93 per SF.