An unnamed REIT purchased the property for $18.6 million.
The six-story project will feature 94 rooms with 118 beds of assisted living.
The medical office building on the currently-unnamed campus is expected to open sometime in 2024, with the hospital set to open in 2027.
Built in 2018, the 57,650-square-foot property is situated adjacent to the Gulf Coast Medical Center and is occupied by Lee Memorial Health System’s Gulf Coast Medical Center Skilled Nursing Unit.
Healthcare real estate is often referred to as recession proof, and as many industries reduce their commercial footprint, medical groups and physicians are betting big.