Seeking Partner for Stable Medical Office with Development Potential

On behalf of ownership, the Rubin Schauer Investment Sales Team in collaboration with U.S. Healthcare Capital Markets, as exclusive agent, is pleased to present an opportunity to acquire a controlling ownership interest (minimum 42%) iin Boca West Medical Plaza (the “Property”), a stabilized medical office asset with an adjacent development parcel located at 21020 State Road 7 in Boca Raton, Florida. The offering is structured to attract joint venture partners with development expertise, seeking exposure to both in-place cash flow and future value creation.

The Property consists of a ±31,138 square foot medical office building situated on 5.29 acres near the southeast corner of State Road 7 and Glades Road, less than one mile north of West Boca Medical Center. The location benefits from strong surrounding demographics and immediate proximity to established retail, dining, and residential communities, providing a highly convenient setting for medical tenants and their patients.

Boca West Medical Plaza is 100% leased to two high-quality medical tenants—OneOncology and Skin and Cancer Associates—providing stable and predictable cash flow. The in-place tenancy offers downside protection while presenting meaningful upside, as current net rents are well below prevailing market rents. Additional value can be realized through operational efficiencies, including expense optimization and improved recovery structures, further enhancing net operating income over time.

In addition to the stabilized medical office component, the offering includes a contiguous development site that provides a compelling future growth opportunity. The land is capable of supporting approximately 25,000 square feet of additional medical office space with surface parking, or up to approximately 35,000 square feet with structured parking, subject to final design and approvals. This flexibility allows a joint venture partner to tailor a development strategy that aligns with market demand and capital objectives.

This offering represents a unique opportunity to partner with existing ownership in a hybrid investment and development platform, combining durable medical office cash flow with clearly defined development optionality in one of Boca Raton’s most desirable submarkets. Boca West Medical Plaza is ideally suited for experienced JV partners seeking long-term value creation through thoughtful development execution while benefiting from immediate income stability.