Woodside Health Florida Coast MOB Portfolio In Vero Beach And Estero Sells

CBRE U.S. Healthcare and Life Sciences Capital Markets recently announced the sale of the Woodside Health Florida Coast MOB Portfolio (the “Portfolio”).

The Portfolio consists of three medical office buildings that are 97% leased to a diverse and established mix of tenants. Complementary and highly specialized practices housed within the properties create an ecosystem for referrals amongst physicians that supports tenant retention. Specialties within the Portfolio include oncology, radiology, urgent care, orthopedics and neurology, among others.

Oak Point I and II are located at 3730 & 3755 7th Terrace in a medical office subdivision in Vero Beach, Florida, about an hour north of West Palm Beach. The two buildings total ±41,395 square feet and are strategically situated less than half a mile from the Cleveland Clinic Indian River Hospital, a 332-bed short term acute care hospital with emergency services. Estero Medical Center, is located at 10201 Arcos Avenue on Florida’s west coast, just south of Fort Myers. The ±35,968-square-foot, two-story property is home to nine medical tenants. It sits a half a mile west of I-75 which allows for exceptional accessibility for patients and providers.

Source:  HREI