JFK Medical Plaza
4801 South Congress Avenue, Palm Beach County, FL
Historical property photograph. Current condition may differ.
Project context
Acquired in July 2021, this medical-office repositioning combined institutional leasing with a medical-grade interior buildout. The 26,283-square-foot remodeled and leased portion—not the total building area—was leased to a Health Care District affiliate beginning in October 2024. The property sold for $14.45 million in June 2025.
Sold June 13, 2025. This is realized sponsor experience and is not a current portfolio holding.
The case combines institutional leasing and a medical-grade interior buildout before disposition. Purchase and sale prices do not establish investor profit, IRR or an equity multiple; capital costs, debt, fees and distributions must be included in any performance analysis.
Asset & transaction facts
- Acquisition
- July 6, 2021
- Institutional lease
- 26,283 rentable SF in the remodeled and leased portion; not the total building area; Health Care District affiliate
- Lease commencement
- October 1, 2024
- Disposition
- $14.45 million property sale; June 13, 2025
Sponsor or affiliate experience, not a Fund One holding. Property facts are dated September 2026. Transaction values are not investor returns. Availability, ownership interests and commercial terms must be confirmed for the specific property.