The Real Deal Miami

Duke Realty sells VA clinic in Sunrise for nearly $50M

Clinic stretches over 9.3 acres, breaks down to $449 psf for the building
By Amanda Rabines | May 31, 2017 01:30PM

9800 West Commercial Boulevard

The William “Bill” Kling Veterans Clinic in Sunrise just sold for $49.7 million to an affiliate of the Scottsdale, Arizona-based, publicly-traded real estate investment firm Healthcare Trust of America, records show.

The property at 9800 West Commercial Boulevard stretches 9.3 acres with a 110,714-square-foot building built between 2008 and 2009. The Heathcare Trust Delaware affiliate, HTA-VA Sunrise Mob, LLC, paid $449 per square foot for the building.

Indianapolis-based commercial real estate firm Duke Realty was the seller. Records show Duke Realty bought the clinic for $36.3 million, or $328 per square foot, in 2012.

In April, Duke Realty also invested in three new warehouses in Hialeah Gardens for $79.97 million.

The veterans clinic is near the anticipated community project Metropica that the Sunrise commission approved last year. The project will have 370,000 square feet of retail space, a 345-unit apartment building, and the rights to a 240-room hotel and 140,000 square feet of Class A office space, in west Broward. One of its first of eight residential towers, Metropica One, scored a $65 million construction loan, last month.