SRS brokers $46.7M Florida nursing home deal

SRS Real Estate Partners announced late last month that it had brokered the sale of a 75-bed skilled nursing facility located in Fort Meyers, Fla.

The facility, sold by Plantation Medical Center SNU LLC, was purchased by a private 1031 investment firm based in New York City for $46.7 million, according to SRS.

Located adjacent to the Gulf Coast Medical Center, the 57,650-square-foot building is currently occupied by Lee Memorial Health System’s Gulf Coast Medical Center Skilled Nursing Unit.

Lee Memorial Health System has 16 years remaining on its lease term with options to extend, according to SRS.

Patrick Nutt and William Wamble of SRS’ national net lease group represented the seller in the off-market transaction, and Jason Maier of Stan Johnson Co. represented the buyer.