DELRAY BEACH, FL -Sept, 13 2018- – Redfearn Capital LLC (www.redfearncapital.com), a full service private equity real estate investment firm with assets valued at more than $150 million, announced today the $5.3 million acquisition of the Seacrest Medical Property, a 32,000 square foot medical office building located in Boynton Beach, FL adjacent to Bethesda Hospital East. This acquisition represents Redfearn Capital’s fourth acquisition over the past 12 months totaling over $45 million of newly acquired real estate.
Located at 2828 South Seacrest Blvd, the medical office building is well located near I-95 and Woolbright Road. The building is occupied by many unique medical users ranging from Imaging Centers to Orthopedic Surgeons. The average tenant in the building has over 10 years of occupancy history demonstrating the strong lasting historical demand for this asset. The property sits on roughly three acres and was built in the 1978 with it recently being renovated in 2017. Alex Redfearn, Principal of Redfearn Capital remarked, “The Seacrest Medical acquisition is
another strong asset for our growing portfolio. The property has value add potential given the recent vacancy and below market rental rates. With our experienced team, we have the ability to improve visibility and overall tenant experience at the property by modernizing both the exterior appearance and signage. The location of the asset is irreplaceable being located directly across the street from one of the most dominant hospitals in South Florida. We expect strong demand from new medical tenants looking for a well-located medical office space that offers ample parking and close proximity to Bethesda Hospital. Alex went on to say “Redfearn Capital has seen significant growth over the past 12 months increasing our assets under management to well over $150 million, and we expect to continue on that growth trajectory in the coming months.”
About Redfearn Capital
Redfearn Capital is a private real estate investment firm based in Delray Beach, Florida with over $150 million of assets in two states with a focus on retail, office, medical office and industrial assets. The Company’s approach to commercial real estate investing is branded by a significant emphasis on tenant relationships through a dedicated management team and experienced investment professionals. Redfearn Capital focuses on strategic real estate acquisitions with a strong and reliable tenant base in unique locations in South Florida and Colorado.