Ram announced today that its affiliate Boynton-Hagen LLC has sold a fully leased 11,000 square foot medical office building to Grand Hagen LLC for $2,550,000. The building occupies a portion of Ram’s West Boynton Professional Center at the corner of Boynton Beach Boulevard and Hagen Ranch Road in central Palm Beach County.
Trillium Medical Center, Women’s Healthcare Associates and Bentin Chiropractic Wellness Center occupy the medical building.
Ram acquired the 3.7-acre Professional Center property, then undeveloped, in 2009 by purchasing the first mortgage and subsequently securing title through foreclosure. Development was completed in 2010. A SunTrust Bank outparcel was sold earlier this year. The final phase is an available outparcel zoned for up to 8,000 square feet of medical and office use.