Fleming Island Medical Plaza Sells, Nearly Doubles In Value | Florida Medical Office Space

Fleming Island Medical Plaza Sells, Nearly Doubles In Value

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Fleming Island Medical Plaza, a two-building medical office property at 4565 and 4575 U.S. 17 in Fleming Island (located 21 miles southwest of downtown Jacksonville, on the western side of the St. Johns River, off US 17) changed hands on March 13 for $24.12 million.

Dallas-based Lincoln Property Co. sold the asset through Holdings Fleming Island LLC to Atlanta-based SG Property Services, which acquired it through Fleming Island MOB Owner LLC. SG Property Services focuses on healthcare real estate acquisitions and development.

The campus spans 7.5 acres and includes two buildings completed in 2010. One is a single-story, 10,527-square-foot building, while the other rises two stories and totals 66,520 square feet.

Current tenants listed online include Southeast Orthopedic Specialists, Family Care Partners by InnovaCare Health, Akumin medical diagnostic imaging, First Coast Heart & Vascular Center, Brooks Rehabilitation Outpatient Clinic and DaVita Fleming Island Dialysis.

The sale marks a notable increase in value from the property’s previous trade in June 2021, when it sold for $14.4 million.

Source: Jax Daily Record

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