Baptist won approval to acquire 25 city-owned acres after agreeing to pay $14.3M for the property and to build a 100-bed hospital.
David Vaughan and Ray Turchi, investment specialists in Marcus & Millichap’s Orlando office, had the exclusive listing to market the property on behalf of the seller, a private local investor. The buyer, WS Properties of Orange County, LLC, was also procured by Vaughan and Turchi.
The 82,210-square-foot facility was developed on the 2.82-acre site in 2001.
The price equated to $224 a square foot.
Earlier this summer, the hospital system paid $32 million for the 14.2-acre site on the northeast corner of Vineland Road and Conroy Road.