$12.3M Florida ASC building sold after value doubles in 4 years

A 26,884-square-foot Hollywood, Fla., medical office building housing Elite Plastic Surgery was sold for $12.3 million by 2700 Hollywood Blvd LLC, a company headed by the ASC’s practice administrator, according to a Nov. 16 South Florida Business Journal report.

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The 64-year-old building nearly doubled in value since its last sale for $6.3 million in 2017. Rajen Hollywood LLC, managed by commercial real estate investor Arnold Wax, was the buyer, according to the report.

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

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