Sarasota Memorial Hospital To Open $437M Medical Campus
The campus will feature a five-story, 365,000-square-foot hospital with 110 private rooms and a two-story, 60,000-square-foot medical office building.
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The campus will feature a five-story, 365,000-square-foot hospital with 110 private rooms and a two-story, 60,000-square-foot medical office building.
The 38,537-square-foot portfolio was 88.2% leased with a weighted average lease term of over 5.5 years.
This purchase represents the ninth medical office property purchased by ShareMD in the past eighteen months, and increases ShareMD’s total portfolio to fifteen properties and approximately one million square feet of owned healthcare real estate assets in Florida and California.
The owner paid $11.5 million for the property in 2017.
A site plan of the proposed development includes a medical office component, residential tower, future UPC Insurance office building, 500-space public parking garage, and a potential hotel.