2828 S. Seacrest Blvd, Boynton Beach. Multi-Tenant Medical Office Building

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1 2828 S. Seacrest Blvd, Boynton Beach Multi-Tenant Medical Office Building

2 Scott Collins Senior Vice President Healthcare Properties Tel: (858) Exclusively listed by: Erik Gainor PRINCIPAL/CEO Healthcare Properties Tel: (717)

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4 Location Building Size Lot Size Year Built 2828 S. Seacrest Blvd, Boynton Beach, FL 31,747 SF 2.04 Acres 1979 FL 5

5 Zeustra Real Estate Investment Services has been retained on an exclusive basis to provide an investor the opportunity to acquire 2828 S. Seacrest Blvd. in Boynton Beach, Florida. Postured on 2.04 acres, this 31,747 square foot multi-tenant Medical Office building is essentially On Campus. Impeccably located within two hundred yards (200 yards), directly across the street from the Bethesda Hospital East. At 84% leased, the property s cash flow is entirely contractual, eliminating any near term exposure to leasing or rollover risk. Fixed annual rent increases between two and four percent (2%-4%) steadily increase the net operating income over the lease term positively impacting the property s residual valuation. The property will generate a year one proforma net operating income of $410,512 as detailed below. INVESTMENT HIGHLIGHTS Rentable Square Feet: 31,747 SF Tenancy: Multi-Tenant Lease Structure: NNN Projected NOI: $410,512 Annual Escalations: 2%-4%; 6

6 Property Address 2828 S. Seacrest Blvd Boynton Beach, FL SITE Number of Stories Two Rentable Square Feet 31,747 Sf Land Area 2.04 AC Year Built 1979 Topography Flat Parking 5/1,000 - First Floor Parking Garage CONSTRUCTION Construction Masonry and Steel 7

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8 2828 S. SEACREST BLVD BOYNTON BEACH, FL OFFERING Price Unpriced Lease Type NNN Escalations 2%-4% Annual, NOI $410,512 Occupancy 84% 10

9 LOCAL MAP 11

10 REGIONAL MAP 12

11 AERIAL VIEW Fountains of Boynton Boynton Trail Centre Canyon Town Center Shoppes at Woolbright Just 200 yrds from Subject 2828 S. Seacrest Blvd 13

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13 Financial Analysis Property Unit(s) Lease Lease Type Area Lease From Lease To Term Monthly Rent Monthly Rent Per Area spp - Seacrest Professional Plaza,Boynton Beach Current Leases spp 0101 OM Singh Medical Center, Inc. spp 0102 Jose R. Nosardes, MD, PL spp 0103 Orthopedic Surgery Associates spp 0104 Orthopedic Surgery Associates spp 0201 Sam F. Wanis, D.O., P.A. spp 0202 ACK-TEN Group - dba. The Imaging Centers spp 0203 Orthopedic Surgery Associates Annual Rent Annual Rent Per Area Annual Rec. Per Area Annual Misc Per Area Security Deposi t Commercial 1, /01/ /31/ , , Commercial 1, /15/ /14/ , , , Commercial 1, /01/ /30/ , , Commercial 1, /01/ /30/ , , Commercial 1, /01/ /30/ , , , Commercial 2, /30/ /29/ , , , Commercial 4, /01/ /30/ , , spp 0206 Orthopedic Commercial 2, /01/ /30/ , , Surgery Associates spp 0208 Boca Toxicology Commercial 1, /01/ /28/ , , , spp 0209 VACANT 2, spp 0210 VACANT 1, spp 0211 St. Jude Pain and Commercial 1, /01/ /31/ , , Rehabilitation spp 0212 VACANT 1, spp 0213 Americare Wellness, LLC spp 0214 OBGYNS of Florida, PLLC spp 0215 Palm Beach Endodontics, PA Rent Roll Seacrest Prof Plaza Valuation Commercial 1, /01/ /31/ , , Commercial 2, /01/ /31/ , , , Commercial 1, /01/ /31/ , , , spp 0216 Orthopedic Commercial 1, /01/ /30/ , , Surgery Associates Total Current 31, , , , SUMMERY Total Total Area Percentage Monthly Annual Rent Occupied Units 13 26, Rent 34, , Vacant 4 5, Total 17 31, , ,

14 TENANT S OM SINGH MEDICAL CENTER (SUITE 101). Dr. Singh is an Internal Medicine Physician who has provided for the South Florida community for 44 years. He is affiliated to three (3) Hospitals. Bethesda Memorial Hospital East, Delray Medical Center, and John F. Kennedy Medical Center. The space consists of 1,614 rentable square feet. JOSE R. NODARSE MD, PL (SUITE 102). Dr. Nodarse is an Obstetrician and Gynecologist who has been providing Boynton Beach and Southeast Florida with excellent care for over seven (7) years. He has is affiliated to two (2) Hospitals. Bethesda Memorial Hospital East and John F. Kennedy Medical Center. The space consists of 1,614 rentable square feet. ORTHOPAEDIC SURGERY ASSOCIATES (SUITE 103). Occupying 37% of the building, the Orthopedic Surgery Associates is one of the leading Orthopedic groups in the nation. The center provides advanced diagnosis and treatment of hand, knee, shoulder, hip, spinal, foot, and other Orthopedic disorders and injuries. Their physicians are affiliated with three (3) Hospitals and have been providing South Florida and Boynton Beach with exceptional care for many years. The Bethesda Memorial Hospital East, Delray Medical Center, and John F. Kennedy Medical Center. The space (suite 103) consists of 1,614 rentable square feet. The group occupies at total of 11,621 square feet of the 31,747 square foot building. ORTHOPAEDIC SURGERY ASSOCIATES (SUITE 104). The space consists of 1,614 rentable square feet. Sam F. Wanis D.O. P.A. (SUITE 201). Dr. Wanis has been providing for Boynton Beach and South Florida for over 26 years. His expertise as a Obstetrician, Gynecologist, is affiliated with six (6) Hospitals. The Bethesda Memorial Hospital East, The Wellington Regional Medical Center, The Palms West Hospital, The Good Samaritan Medical Center, and The Saint Mary s Medical Center. ACK-TEN GROUP, LLC. (SUITE 202). Seacrest MRI of Boynton Beach provides state of the art Radiology care for the Boynton Beach Community and South Florida since The space consists of 2,110 rentable square feet. ORTHOPAEDIC SURGERY ASSOCIATES (SUITE 203). The space consists of 4,406 rentable square feet. ORTHOPAEDIC SURGERY ASSOCIATES (SUITE 206). The space consists of 2,783 rentable square feet. ORTHOPAEDIC SURGERY ASSOCIATES (SUITE 216). Consists of 1,204 rentable square feet. 16

15 TENANT S Boca Toxicology (SUITE 208). Associates have been providing reliable, accurate testings with confidential results for families, employers, corporations for years. The space consists of 1,204 rentable square feet. Vacant (SUITE ). The space in Suite 209 consists of 2,654 rentable square feet and the space in Suite 210 consists of 1,228 rentable square feet for a total of 3,882 rentable square feet combined between both suites. St. Jude Pain and Rehabilitation (SUITE 211). Dr. Alexis Renta, MD is a pain medicine specialist in Boynton Beach, FL and has been practicing for 20 years. He graduated from Universidad Autonoma De Guadalajara, Facultad De Medicina in 1990 and specializes in pain medicine and anesthesiology. The spaces consist of 1,413 rentable square feet. Vacant (SUITE 212). totaling 2,826 rentable square feet. American Wellness LLC (SUITE 213). Americare Wellness mission is to provide the best medical service that meets the highest standards of quality care, professionalism, innovation, social and well-being of our patients, while continually striving to help them live healthy and productive lives. ROSS MCRONALD, M.D. graduated from the State University of New York at Buffalo and is the Clinical Assistant Professor at Robert Wood Johnson Medical School and MICHAEL SCHMIDT, M.D. GRADUATED FROM the Medical College of Wisconsin and is the Assistant Clinical Professor at Nova Southeastern University. The space consists of 1,694 rentable square feet. OBGYNS of Florida, PLLC (SUITE 214). Gynecology and Obstetrics Specialists are dedicated to providing comprehensive ob/gyn services at every stage of life. The space consists of 2,110 rentable square feet. PALM BEACH ENDODONTICS, PA (SUITE 215). The team led by Dr. Kenneth W. Bradshaw, Dr. Charlyn R. Bradshaw, and Dr. Stephen T. Galla, provides professional care to the Boynton Beach and South Florida areas for 11 years. The space consists of 1,204 rentable square feet. 17

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17 Boynton Beach, FL Residing in the coveted Palm Beach County, and stretching miles, Boynton Beach is known for having some of the most beautiful beaches in Florida. Downtown Boynton Beach, located in the eastern part of the city, just north of Delray Beach, east of I-95 and stretching to the beach, has undergone a large scale renovation and gentrification. In 2011 the Palm Beach Post voted Boynton Beach oceanfront park Best Family Beach in Palm Beach County. The estimated Median Household Income for the county is $46,995 up from $39,845 in (2000). The Average household net worth is an astounding $413,248 far exceeding Florida s average of $394,552. Since 2000 the population has risen 17.7%. The median age of Boynton Beach is 46 years of age while Florida as a whole s median age is 41. Of the 71,097 that live in the county, 45.6% of the population is over the age of 45 years and 25.8% is over the age of 65 giving a steady flow of patients and future patients. 18

18 Palm Beach County Founded in 1909, and covering 1969 land miles, Palm Beach County is one of the most desirable places to live in the United States. Palm Beach County is the wealthiest county in Florida with a per capita personal income of $57,985. This was the second highest among the states 67 counties. Boynton Beach Medical Plaza is ideally located 2.7 miles from Bethesda Memorial Hospital West, 5.5 miles from Delray Medical Center and 7 miles from Bethesda Memorial Hospital East The median household income for Palm Beach County is a healthy $53,701 compared to $46,956 in the state of Florida. It also boasts as the 3rd most populous county in Florida or 7% of the states population. Since 2010 Palm Beach County has seen a population growth rate of 5.9%. With the median age of the county reaching 43 years of age, 2 years more then the average of the state of Florida, which is 41, 48.4% of the population are over the age of 45 and 22.5% of the population are over the age of

19 2828 S. Seacrest Bvld, Boynton Beach, FL Scott Collins Senior Vice President Healthcare Properties Tel: (858) Exclusively listed by: Erik Gainor PRINCIPAL/CEO Healthcare Properties Tel: (717)