Skilled Nursing Facility In Fort Myers Sells For $46.7M

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SRS Real Estate Partners has brokered the sale of a single-tenant, 75-bed skilled nursing facility located at 13960 Plantation Road in Fort Myers.

An entity doing business as Plantation Medical Center SNU LLC sold the property to a private 1031 investment firm based in New York City for $46.7 million. Patrick Nutt and William Wamble of SRS’ National Net Lease Group represented the seller in the off-market transaction, and Jason Maier of Stan Johnson Co. represented the buyer.

Built in 2018, the 57,650-square-foot property is situated adjacent to the Gulf Coast Medical Center and is occupied by Lee Memorial Health System’s Gulf Coast Medical Center Skilled Nursing Unit. Lee Memorial Health System has 16 years remaining on its lease term with options to extend, according to SRS.

 

Source:  RE Business

 

 

 

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Diagnostic Center For Women Renews, Expands Miami Lease

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Diagnostic Center for Women, a Femwell Group Health Company, inked a renewal and expansion encompassing over 28,711 square feet at 7500 Sw 87th Ave. in Miami.

Affiliated with TopLine MD Health Alliance, the Diagnostic Center for Women provides essential mammography, ultrasound, and biopsy services and has additional locations in North Miami, Boca Raton, and Pembroke Pines.

Situated in Galloway Medical Park 1, the medical group has more than 65 employees and is located within the desired Kendall suburban market, just minutes from other specialty physicians and Baptist Hospital’s Kendall Campus.

Healthcare real estate is often referred to as recession proof, and as many industries reduce their commercial footprint, medical groups and physicians are betting big. In fact, in 2022, investors have allocated 57% more capital to healthcare real estate when compared to 2021, according to World Property Journal.

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Moffitt Cancer Center Expanding To South Hillsborough County

Moffitt Cancer Center in Tampa

Pictured above:  Rendering of Moffitt Cancer Center in Tampa

Moffitt Cancer Center is acquiring 9 acres in south Hillsborough County to make cancer care accessible to thousands more patients.

Moffitt plans to build a new outpatient facility at the southeast intersection of East College Avenue and 27th Street South in Ruskin, less than a mile from Interstate 75.

By November, Moffitt expects to complete the purchase of land and have it rezoned, with final approval expected by the end of the year.

Moffitt plans to build a 75,000-square-foot facility with construction starting in early 2023 and completion by late 2024. Services offered will include screening and diagnostics, advanced imaging, clinical lab services, blood draw, biopsies, medical oncology, radiation oncology, infusion, pharmacy and clinical trials.

Moffitt expects to serve nearly 9,000 patients within four years and create 150 jobs its fifth year in operation.

“Moffitt is building incredible momentum to expand our footprint and bring cancer care closer to where our patients live,” said Dr. Patrick Hwu, president and CEO of Moffitt. “We are laser-focused on future expansions that will allow us to create a Moffitt health system to address the growing cancer burden in the state of Florida.”

Moffitt is also developing 775 acres in Pasco County, the largest expansion in the cancer center’s history. The new life sciences innovation district will serve as a hub for research, digital innovation, education and patient care. The multiyear, multiphase project will include about 16 million square feet of research lab, light industrial and manufacturing, general office and clinical building space.

 

Source:  Patch.com

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Village Medical Building-Out In Lakewood

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The city issued a permit Aug. 11 for the Village Medical build-out at Walgreens at 3505 University Blvd. W. in the Lakewood area.

Horizon Retail Construction of Sturtevant, Wisconsin is the contractor for the $625,000 project. Horizon will build-out a 3,196-square-foot Village Medical clinic within the Walgreens, which will continue to use the remaining 10,638 square feet of the store for its pharmacy and retail sales.

It is one of 10 Village Medical at Walgreens clinics opened or planned in Duval County.

As with the others, the project will add the clinic with eight exam rooms.

Walgreens and VillageMD opened the first Village Medical at Walgreens primary care practice in the Jacksonville area Feb. 15 at 105 Julington Plaza Drive in St. Johns County.

The planned and improved renovation costs so far top $6.3 million in Duval.

In addition to the Lakewood area, they are in:

• Love Grove/Sans Souci at 6006 Beach Blvd.

• Mandarin at 12145 San Jose Blvd.

• South Jacksonville at 8309 Southside Blvd.

• North Jacksonville at 866 Dunn Ave.

• Arlington at 7224 Merrill Road.

• San Pablo at 14430 Beach Blvd.

• Northwest Jacksonville at 5340 Soutel Drive.

• Two Westside stores at 7546 103rd St. and 654 Cassat Ave.

Village Medical at Walgreens offers primary care along with pharmacy services.

The Jacksonville clinics are part of Walgreens’ effort to open 600 or more Village Medical centers by 2025 and another 400 by 2027.

Walgreens said the clinics are ideal for patients with chronic conditions who need multiple daily prescriptions. It said the clinics accept a wide range of health insurance options and offer in-person and virtual appointments.

 

Source:  Jax Daily Record

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Terra, HCA Healthcare Buy Pembroke Pines Development Sites

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Miami-based Terra and Nashville-based hospital giant HCA Healthcare acquired development sites in the Pines City Center mixed-use project in Pembroke Pines.

This was the final piece of a 66-acre property the city purchased and facilitated development on over nearly a decade. With this deal, the last piece of land under contract to private developers at Pines City Center has been sold, while the city retains land for its municipal uses.

The city sold 9.15 acres at the southwest corner of Pines Boulevard and Palm Avenue for $13 million to Pines and Palm Ave 2022 LLC, an affiliate of Terra. The site previously housed Pembroke Pines’ former City Hall, which was demolished.

The Terra affiliate then flipped 6.5 acres of that site to Davie Medical Center LLC, an affiliate of HCA, for $6.1 million. Davie Medical Center is the official name of HCA Florida University Hospital, which opened on the Davie campus of Nova Southeastern University in 2021.

Officials with HCA couldn’t be reached for comment regarding their plans for the Pembroke Pines site. The company does not have a hospital in the city.

Pembroke Pines granted plat approval for 120,000 square feet of medical office space on the property that was subsequently acquired by the HCA affiliate. A site plan has yet to be submitted.

For the 3.15-acre site retained by Terra, the city granted approval for 120 to 150 units of senior housing. Terra said it is in the planning stages for that parcel and has no renderings to share yet.

 

Source:  SFBJ

 

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