Hialeah Medical Plaza Changes Hands

hialeah medical plaza

Franklin Street arranged the sale Hialeah Medical Plaza, a two-story commercial building featuring 41,000 square feet of retail and office space at 3750 W. 16 Ave. in Hialeah.

KEI Acquisitions, LLC acquired the site from RG Property Group Holdings LLC for $7.65 million.

Adam J. Tiktin and Greg Matus, of Franklin Street’s Florida Investment Sales Team, represented the buyer in this transaction.

The deal closed on Sept. 23rd.

Originally constructed in 1981 and situated on 1.19 acres, Hialeah Medical is 98 percent occupied by 29 medical-based businesses and retailers, including Proactive Health Corp, Tropical Medical Center, New Life Medical Research, Green Cross Clinic, Belen Therapy Medical Center and Benjamin Meat Store, among others.

The property features strong fundamentals including easy access, sufficient parking and an excellent location. Located in the heart of Hialeah along West 16th Avenue at the corner of West 37th Street, Hialeah Medical Plaza offers excellent visibility with traffic counts of approximately 31,000 vehicles per day. The site is adjacent to Lowe’s and Target, and further benefits from its close proximity to Westland Mall and the Palmetto Expressway.

 

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Developer Obtains $45M Construction Loan For Aventura Medical Office Project

Gomez Development Group will build a medical office at 21291 N.E. 28th Ave. in Aventura

Gomez Development Group obtained a $45 million construction loan to build a medical office complex in Aventura, not far from Aventura Hospital and Medical Center.

Marlon Gomez, head of the Miami-based developer, said his Aventura Eco Offices Property Owner LLC obtained the loan from ParkView Financial in California. The LLC recently took ownership of the 1.63-acre site at 21291 N.E. 28th Ave. through an entity transfer with Aventura Medical Center.

The site was listed for sale in 2019. It’s within a federal opportunity zone, which allows investors to defer their federal capital gains tax.

Gomez plans to break ground in early 2022 with a seven-story, 263,371-square-foot medical office building and complete the project in the first quarter of 2023.

 

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HCA Healthcare Buys Vacant Property Near AdventHealth’s HQ

HCA Oviedo Land Purchase

An HCA Healthcare Inc. entity on Oct. 22 bought some vacant property near AdventHealth‘s corporate headquarters.

The Nashville, Tennessee-based health system’s Oviedo Medical Center LLC bought 14.67 vacant acres on Forest City Road from an entity tied to Orlando-based MMI Development — Maitland West LLLP — on Oct. 22 for $15.5 million, according to Orange County property records. Executives with HCA Healthcare and MMI Development were not available for comment.

The property is at the southeast corner of State Road 414 and Forrest City Road abutting the Orange/Seminole county line. Of note, the site is across State Road 414 from AdventHealth’s corporate headquarters at 900 Hope Way in Seminole County.

HCA does not have a hospital or freestanding emergency room facilities in that area near the site at this time.

 

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Forte Capital Management Buys Hollywood Medical Offices For $11 Million

3702 Washington Street

Forte Capital Management bought a Hollywood medical office building adjacent to Memorial Regional Hospital South for $11 million.

The Miami Beach-based company purchased the property at 3702 Washington Street, according to Chaim Cahane, president of Forte.

A group of five doctors, including at least three with offices at the property, sold the building through an affiliate, records show. That entity bought the building in 2004 for $4.4 million.

The 43,606-square-foot building, constructed in 1995, spans nearly half an acre, according to property records.

The four-story building is 92 percent leased, said Cahane, who worked with Forte’s Dov Tepper to close the off-market deal.

The real estate investment firm plans roughly $250,000 in improvements to the vacant spaces, common areas and building exterior, allowing rent increases. Rents now are 40 percent below market rate, Cahane said.

The medical office market has proved buoyant amid the pandemic. Florida continues to be a magnet for retirees, many of whom require medical care. The Hollywood medical office building connects through a pedestrian overpass to the hospital.

 

Source:  The Real Deal

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Health Care Development Boom To Increase Accessibility In Cape Coral

construction plans 760x320

There will be more places to get the medical care you need in Southwest Florida, as multiple health care systems have announced plans to add more resources in Cape Coral.

At Pine Island Road and Pondella Road in Cape Coral, Encompass Health is in the process of building a 40-bed inpatient care facility.

Down the road, Lee Health plans to expand the only hospital currently in the city.

Lee Health’s vice president of facilities and support services, Dave Kistel, said all these projects are not a coincidence.

“Cape Coral is continuing to grow, attracting a lot of new residents. The need to grow and add services is there and so we’re adding those services to support the community’s health care needs,” he explained.

That’s why Lee Health is investing $150 million to expand its hospital system.

“One of the first projects that we’re going to get started on is a six bay expansion to our existing emergency department,” Kistel said. “The next project, we will be adding 12 intensive care unit beds in Cape Coral.”

They also have plans to expand their Surfside outpatient facility and build a new building near Bimini Basin.

And if that’s not enough to help with the growth, Lee Health has plans to turn a 23-acre plot of land at SW Pine Island Road and Veterans Parkway into an innovative health care facility.

That could mean less drive time for Sara Warnecke. “Anything that’s closer to home is always a benefit when you don’t have to drive and less traffic to get there.

And provide those who live in Cape Coral, with more options.

 

Source:  WINK News

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