At approximately $470 per square foot, the Gateway Medical Plaza transaction illustrates the premium investors may place on newer medical facilities with significant occupancy already in place.
Strong occupancy, rising demand for outpatient care and South Florida’s expanding population are reinforcing medical office properties as an attractive option for investors seeking durable real estate fundamentals.
The new osteopathic medical school is expected to bring hundreds of students, new jobs and an expanded physician pipeline to one of Florida’s fastest-growing regions.
A private investor plans to transform the downtown Sarasota facility into a multitenant medical office property following an $8.43 million acquisition.
BayCare and HCA Florida are adding hospital, outpatient and emergency-care facilities across northern Manatee County as rapid residential growth increases demand for medical services closer to home.