MEDICAL SALES
SOLD
734-752 Albany Highway, East Victoria Park, WA, 6101
Medical
$15,975,000
Leiba Commercial successfully negotiated the off-market sale of the East Victoria Park Medical Centre in Western Australia for $15,975,000 on behalf of a major property fund.
The transaction was completed with a new five-year lease secured prior to settlement, providing the purchaser with a stable income stream and enhancing the asset's investment appeal.
This successful outcome highlights Leiba Commercial's extensive experience within the healthcare and medical property sector, as well as our ability to structure and execute complex transactions that deliver strong results for all stakeholders involved.
SOLD
580 & 586 Newcastle Street, West Perth, WA, 6005
$3,140,000
Medical
Leiba Commercial is pleased to announce the off market sale of 580 & 586 Newcastle Street, West Perth, WA.
Both properties were tenanted by Sonic Healthcare an ASX listed tenant from which the tenant currently provides medical and occupational health services from the clinic.
Leiba Commercial was instrumental in ensuring that the tenant exercised their option period early which then allowed for a sale to proceed to the incoming purchaser.
The sale of the West Perth medical centre is another specialised medical property that Leiba Commercial was able to sell off market.
SOLD
164 Thompson Avenue, Cowes, VIC, 3922
$8,800,000
Medical
Sold fully-leased and includes a general practice, pharmacy, dental, pathology and radiology services as well as parking for 47 cars.
The off-market sale of the Cowes Medical Centre was negotiated by Marc Leiba and Jonathan Rosenthal of Leiba Commercial in conjunction with Peter Daris of CPN Commercial Group.
SOLD
21-23 Denison Street, Wollongong, NSW, 2500
$10,100,000
Medical
Leiba Commercial sold the Wollongong medical centre via an off market process to a large medical fund. The 1,184 sqm property was anchored by Sonic Healthcare who is an ASX listed tenant. The property was sold with a new 15 year lease in place and was a perfect fit for the purchasers medical fund. Leiba Commerical achieved a very strong cap rate for the vendor.