Alliance purchases net lease healthcare building for $ 7.95 million

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Alliance Consolidated Group of Companies, (Alliance), has announced the acquisition of a 15,000 square foot net leased medical property based in Fort Myers. The assets of 8267 College Parkway were sold by Southwest Florida Oral & Facial Surgery in a $ 7.95 million sale and leaseback agreement.

Southwest Florida Oral & Facial Surgery signed a fifteen year lease in connection with the sale. It offers dental implant, bone graft, wisdom tooth extraction, corrective jaw and other services. In addition, it offers a full range of cosmetic and reconstructive facial surgeries.

“Sale and leasebacks have become increasingly popular for companies looking to raise equity and clean up their balance sheets,” Ben Reinberg is the founder and CEO of Alliance. “This can be a particularly valuable tool for medical providers looking for an injection of capital to expand or improve their practice.”

Florida has enjoyed increased population growth over the past decade, with some metropolitan areas far exceeding the state’s overall growth. According to US census data, the Cape Coral-Fort Myers FL MSA saw its population increase by almost 25% between April 2010 and July 2019. Fort Myers saw an increase of almost 40% during this period.

“There is nothing more attractive for real estate investments than high-growth, high-density population centers,” Reinberg: “This is especially true for healthcare properties, because everyone needs care medical. “

This is Alliance’s second healthcare acquisition in the Cape Coral-Fort Myers metro in recent months. The company purchased a veterinary portfolio of two 7,500 square feet buildings in Cape Coral. Alliance has been investing in Florida for over ten years. It targets the top 50 MSAs across the country.

Information on the Alliance consolidated group of companies

Alliance Consolidated Group of Companies, a real estate investment firm specializing in net rental medical buildings, was founded in 1995. Founded in 1995, it targets healthcare facilities across the country. Alliance offers attractive risk-adjusted returns. He takes advantage of long-standing relationships with lenders, brokers, investors and other investors to locate the best opportunities and close quickly. Professional property management services are available in-house to add value after acquisition. Alliancecgc.com has more information.

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