Ardent Buys South Miami Medical Office Building For $37M
The building hit the market unpriced in February, according to an online listing. Occupancy was 55 percent at the time with a net operating income of $1.2 million.
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The building hit the market unpriced in February, according to an online listing. Occupancy was 55 percent at the time with a net operating income of $1.2 million.
The Portfolio consists of three medical office buildings that are 97% leased.
The project could be one of the largest construction projects of 2021 in the Bradenton area.
The buildings, which total 64,436 square feet, were 93.5% occupied at the time of the sale.
The building is anchored by JPMorgan Chase, but most of the tenants are medical use, including Advanced OBGYN Institute, Sweet Tooth Pediatric Dentistry and Zombek Orthodontics.