Solutions RE markets fully leased Ternion Medical Office in Palm Beach County
Solutions RE has brought the newly built Ternion Medical Office campus to market in Wellington-area Palm Beach County, pairing stabilized medical office income with 1.3 acres of adjoining development land. The offering is aimed at investors seeking current cash flow and future upside along the growing Lake Worth Road corridor.
Why it matters: - Ternion combines near-term income and longer-term development optionality in one Palm Beach County asset. - The property sits in a corridor shaped by residential growth, healthcare expansion, commercial development and infrastructure investment. - The site is positioned for buyers looking at both stabilized medical office returns and future land value.
What happened: - Solutions RE brought Ternion Medical Office to market in Wellington, Florida. - The property is along the Lake Worth Road corridor near Wellington and the Florida Turnpike. - The campus was completed in 2025. - The existing medical office campus includes three freestanding buildings totaling about 10,898 square feet on 1.6 acres. - The property is fully leased to six tenants. - The lease structure is long-term NNN.
The details: - The offering includes about 1.3 acres of adjoining land. - Potential uses for the adjacent site include additional medical office, commercial and build-to-suit development. - The site may be annexed into the existing Ternion Multiple Use Planned Development. - Existing infrastructure serving the campus may help reduce future development costs and timelines. - The property’s MUPD zoning provides flexibility, including the potential to subdivide and sell individual buildings as fee-simple assets. - The existing leases run 10 years and include scheduled rent increases. - Key features include new 2025 construction, three freestanding medical office buildings, fully leased occupancy, NNN terms and development land. - The property is at the northeast corner of Lake Worth Road and Blanchette Trail. - The site is at the first signalized intersection west of the Florida Turnpike interchange. - The immediate trade area includes professionals, healthcare workers, business owners and families. - Median household income within a one-mile radius is about $139,361, according to the offering memorandum.
Between the lines: - Solutions RE is packaging a stabilized asset and a development site to widen the buyer pool. - The medical office tenancy and long-term leases reduce operating uncertainty. - The adjoining land and zoning flexibility create multiple paths for value creation if demand keeps building in the corridor. - The corridor’s mix of residential, healthcare and commercial growth supports the case for continued absorption.
What's next: - Buyers can evaluate the current income stream, the adjacent land and the site’s expansion potential as a single transaction. - Possible future development includes physician build-to-suit space, healthcare-related uses and commercial development. - Solutions RE said interested parties can request additional property and financial information.
The bottom line: - Ternion is being marketed as a rare mix of stabilized medical office income and development upside in a growing Palm Beach County location.
Disclaimer: This article was produced by AGP Wire with the assistance of artificial intelligence based on original source content and has been refined to improve clarity, structure, and readability. This content is provided on an “as is” basis. While care has been taken in its preparation, it may contain inaccuracies or omissions, and readers should consult the original source and independently verify key information where appropriate. This content is for informational purposes only and does not constitute legal, financial, investment, or other professional advice.
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