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The submarket is sought after for medical office space because of its proximity to AdventHealth’s existing medical facilities in Winter Garden and Apopka, as well as Orlando Health’s hospitals in Ocoee and west Orange County’s Horizon West neighborhood. It is also about 1.5 miles away from Orlando Health Health Central Hospital.
The building last traded for $4 million in 2011.
The price equated to $457 a square foot, nearly doubling its 2017 sale price of $6.3 million.
CWS-Oviedo Development LLC, the owner of the 1.86-acre property at 7157 Red Bug Lake Road, is led by Carl Sahlsten, a former senior executive of the Carrabba’s Italian Grill Inc. restaurant chain.
UF Health paid around $2.21 million for the property.