NAI Rauch Weaver Norfleet Kurtz & Co.’s Frank Castoro Represents Buyer In Purchase Of St. Petersburg Medical/Office Site

Written by on 11.21.17 in Done Deals, Investment Trends, Office, Retail - No comments

NAI Rauch Weaver Norfleet Kurtz & Co., a member of the world’s premier managed network of commercial real estate firms, announced that Frank Castoro, Senior Associate, represented A J &J HOLDINGS, LCC in the $1 million dollar purchase of a Diagnostic Clinic Medical Group site located in St. Petersburg, Florida. 

The building is 5,400 SF and sits on 0.55 acres of land.

This site is used as a medical office by the Diagnostic Clinic Medical Group, a wholly-owned subsidiary of Guide Well Mutual Holdings (BlueCross / BlueShield of Florida) as a single-tenant user under a NNN lease with a 4 years remaining on the current term plus two 3-year options. 

Mr. Castoro specializes in net-leased investments having credit-rated tenants.

He was enthused to state: “Being a medical services provider, the Diagnostic Clinic Medical Group represents a use that is resilient to the economy and will evolve in synergy with e-commerce”. 

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