Medical office properties continue to attract investors due to the long-term demand drivers shaping the healthcare industry.
According to Berkadia’s H1 2023 U.S. Medical & Life Sciences Report, Tampa, Florida has made the national list for top sales volume for the first quarter, ranking eighth with $750 million.
One recent example is The Laramar Group’s acquisition of the Linebaugh Avenue Medical Office Building at 10909 W. Linebaugh Ave. in Tampa. The 28,000-square-foot, multi-tenant building was purchased for the closed-end Laramar Medical Properties Fund I. The building was built in 2000 and is fully leased. It’s near three hospitals and is less than ten miles from Tampa International Airport.
“This asset has a strong tenant base and central location, and we are excited to add this property to our growing medical office portfolio,” said Laramar’s Senior Vice President of Investments Ben Slad.