SRS Real Estate Partners handled the sale of a 75-bed skilled nursing facility in Fort Myers, Florida. An entity doing business as Plantation Medical Center SNU LLC sold the property to a private 1031 investment firm based in New York City for a purchase price of $46.7 million, or $622,000 per bed. 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.
Built in 2018, the property sits on five acres next to Gulf Coast Medical Center, and the facility is 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.
