Two recent medical office sales in Tampa Bay underscore how valuable move-in-ready healthcare real estate has become as providers expand and construction costs keep climbing. The larger sale involved a three-story, 18,677-square-foot medical office building at 2201 Central Ave. in St. Petersburg’s Grand Central District. The property traded for $8.25 million to 2201 Central Avenue Property LLC. The building was sold by MLF Pathways LLC, a physician ownership group that had acquired it in 2007 for $1.1 million. The second sale took place in Tampa’s Westshore Business District, where Brandon H-D Properties LLC and AMR Redux LLC acquired 5041 W. Cypress St. for $4.6 million.
Read the full article: Two Tampa Bay Medical Office Buildings Sell Amid Strong Healthcare Demand //
Source: https://floridamedspace.com/two-tampa-bay-medical-office-buildings-sell-amid-strong-healthcare-demand/