University Community Medical Plaza Sells

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Marcus & Millichap announced the sale of University Community Medical Plaza, a two-story, 20,299-square foot office property on a 2.68-acre lot located in Tamarac.

The asset sold for $4,700,000.

Alex D. Zylberglait and Michael Crocchiola, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, a private investor, was secured and represented by Zylberglait and Crocchiola.

“The Buyer will benefit from the stability of the tenancy and the upside in rents in this strong suburban market,” noted Zylberglait.

The property offers a unique opportunity for the investor to acquire an office building in a highly sought-after metro with ample parking backed by an established tenant roster consisting of medical professionals and specialists with generous lease terms and annual rent escalations.

University Community Medical Plaza is located at 7401 N University Dr. in Tamarac. The medical office building is adjacent to University Hospital and Medical Center; a large 317-bed medical facility awarded the Gold Seal of Approval™ from the Joint Commission. The Joint Commission is a leader in the accreditation and certification of health care organizations.

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CIP Group & LV Development Announce JV To Develop Assisted Living Facility Near Dadeland

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Sunset Point ALF, LLC, an affiliate of Miami-based real estate development firm CIP Group, and LV Development, an affiliate of Miami-based Linkvest Capital, announced a joint venture to develop a 40,000-square-foot, 120-bed assisted living facility at 9985 Sunset Drive in an unincorporated area near Dadeland.

The partners acquired the vacant acre site for $3.7 million from Stupp Family Partnership Ltd. Closing took place on June 30.

Groundbreaking is slated for Q1 2022.

Sunset Point ALF, LLC is led by Genaro Garcia, Fernando Espino and Carlos Alonso. LV Development is led by Camilo Niño and Ricardo Uribe.

 

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New Medical College Proposed For Metro Orlando

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A new medical college is being proposed for Horizon West.

Plans for a potential 136,194-square-foot facility on 25 acres on Avalon Road are set to go before Orange County’s technical review group on July 21. Palmetto-based Element Commercial Construction LLC is listed as the developer, while the property owner is Hamlin Partners at Silverleaf LLC, an entity tied to Hamlin developer Boyd Development Corp.

Hamlin Partners at Silverleaf LLC bought the 149-acre property — which includes the land for the college — on Feb. 15 as part of a $8.09 million purchase from Jen Florida 36 LLC.

The vacant land is near both Orlando Health Horizon West Hospital at 17000 Porter Road and a 155.2-acre piece of land owned by Valencia College that it plans to build a campus on eventually.

 

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Ocala Regional Medical Center Breaks Ground On New $65M Expansion

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The Ocala Regional Medical Center broke ground on a new $65 million expansion this week.

The new project will add a dedicated 36-bed neurological intensive care unit, five new cardiovascular procedure suites, and significant renovations of dining space and laboratory facilities.

Multiple Ocala and Marion County elected officials attended the ceremony, including Marion County Commissioner Kathy Bryant, Ocala Mayor Kent Guinn, and Florida House Representative Stan McClain, among others.

Ocala Health CEO Chad Christianson says this expansion will effectively tap out the existing space for construction on the Ocala Regional Medical Center campus.

The new project will add over 49,091 square feet of new space and renovate an additional 9,976 square feet of existing space.

With the additional 36 beds, the facility now boasts a total of 323 inpatient beds.

The organization hopes to have the new unit open by the third quarter of 2022.

 

Source:  Ocala News

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Specialty Hospital Proposed Near Delray Beach

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A specialty hospital and a medical office building – South Florida Spine & Orthopedic Institute – have been proposed west of Delray Beach on the 11.25-acre site at 14930 Smith Sundy Road, which is on the north side of Atlantic Avenue, a few blocks west of Lyons Road.

Medical Facilities LLC, a partnership of Irving, Texas-based Legent Health and 29 local physicians, has the agricultural site under contract from Delray Growers, owned by Melissa McKeown of Lighthouse Point and Christopher McKeown of Reston, Virginia.

The applicants want to rezone the site to allow for a 60,000-square-foot hospital building and a 60,000-square-foot medical office building. The hospital would have 24 beds. There would be 10 physician offices, outpatient treatment areas and 363 parking spaces.

According to the South Florida Spine & Orthopedic Institute, it would not be a traditional hospital with an emergency room. It would provide only spine and orthopedic surgeries, which are in high demand by Palm Beach County’s older population.

 

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