AdventHealth Sells Vacant Lake Mary Property

AdventHealth

AdventHealth has sold some vacant land in Lake Mary.

The Altamonte Springs-based nonprofit health system sold 2.2 vacant acres along Lake Mary Boulevard for $1 million, according to recently released Seminole County documents.

The property is roughly 2.6 miles from AdventHealth’s Lake Mary ER at 960 Rinehart Road near the intersection of Lake Mary Boulevard and Crystal Drive.

AdventHealth spokeswoman Melanie Ararat said the health system sold the vacant land after it decided not to develop the site.

The property sale, which closed on Sept. 27 but did not post until the start of November, was to Crystal Devco LLC, an entity which shares an address with Ormond Beach-based real estate brokerage SVN Alliance Commercial Real Estate Advisors.

The property, which has a commercial land-use designation, last traded hands for $1.07 million in 2008. The sale documents include a list of conditional restrictions tied to new medical offices or other medical care facilities.

 

Source:  OBJ

 

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Hialeah Gardens Skilled Nursing Facility Sells For $43 Million

The Signature Healthcare Center of Waterford skilled nursing facility at 8333 W. Okeechobee Road, Hialeah Gardens 760x320

The Signature Healthcare Center of Waterford skilled nursing facility in Hialeah Gardens sold for $43.16 million.

Hialeah Gardens SNF LLC, managed by Ira Smedra of the Arba Group in Los Angeles, sold the 214-unit skilled nursing facility at 8333 W. Okeechobee Road. The buyers were Waterford Propco LLC, Waterford TIC 1 DM Member LLC, and five other entities with similar names.

The buyers assumed the seller’s $19.53 million mortgage, which was taken over by VNB New York and boosted to $59.84 million.

The property last sold for $29.3 million in 2019.

Totaling 65,132 square feet in three stories, the facility was built on the 1.97-acre site in 1986.

 

Source: SFBJ

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Land Near SeaWorld Scooped Up For More Than $1M An Acre For Future Acute Care Hospital

9278 turkey lake road parcel

Upshot Capital Advisors purchased a sliver of property a short drive from SeaWorld and the Orange County Convention Center in the heart of Orlando’s tourism district this week for more than $1 million per acre.

With the $7.5 million acquisition of the 5.5-acre parcel at 9278 Turkey Lake Rd, the company is planning to build a standalone long-term acute care hospital, according to Orange County records.

It is unclear as to which healthcare provider would be taking over the building once the project is complete.

 

Source:  Growth Spotter

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Health Care Provider Proposes Facility Near West Palm Beach

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A local senior health care provider filed plans to build a larger facility near West Palm Beach.

Cagigas Family Holding Co., an affiliate of Cagigas Medical Center, submitted a small-scale land use amendment to Palm Beach County concerning the 2.11-acre site at 1248 S. Military Trail. It currently has a 2,500-square-foot commercial building that previously housed an arcade.

The medical group purchased the property for $1.07 million in 2019. It’s located a few blocks north of Forest Hill Boulevard. Cagigas Medical Center currently operates out of a leased space less than a block away at 1401 S. Military Trail.

It aims to change the land use from “general commercial” to “urban infill” to build 18,000 square feet of medical offices and 2,710 square feet of retail.

The medical group serves Medicare and Medicaid beneficiaries.

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$61M Medical Facility Planned In Homestead

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A developer has proposed an outpatient medical facility in Homestead with an estimated development cost of $60.6 million.

The city’s Development Review Committee on Oct. 18 will consider plans for Homestead Medical Center. It concerns the vacant site of 4.6 acres on the west side of Southwest 137th Avenue, just south of Northeast 16th Street. It’s on the west side of Homestead Air Reserve Base.

Leg I Parthica LLC, managed by Joel Campo in Miami, has the property under contract from Doral-based BDG Grove Plaza LLC, managed by Daniel Alonso.

Homestead Medical Center would total 140,000 square feet in five stories. It would include a 10,310-square-foot outpatient surgical center, 5,110 square feet of adult day care, a 10,347-square-foot imaging/diagnostic center and the balance of the space medical office. There would be 617 parking spaces, with 415 of them in a 5-story parking garage.

 

Source:  SFBJ

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