Woodside Well being has acquired City Loop Medical Middle and Parkway Medical Workplace Plaza, two medical outpatient services in Larger Orlando, Fla. The properties, totaling virtually 50,000 sq. ft, have been totally leased on the time of sale.
A non-public investor beforehand owned the belongings, based on Yardi Analysis Information. He acquired them in two separate transactions, in 2016 and 2018, for a mixed $12.5 million.
Accomplished in 1997, City Loop Medical Middle is at 14050 City Loop Blvd. in Orlando, near Freeway 417 and 20 miles from town middle. Orlando Worldwide Airport is lower than 11 miles away.
The 2-story, 25,800-square-foot facility has 145 parking areas and a passenger elevator. Tenants embrace DaVita Kidney Care, Quest Diagnostics and HCA Florida Physicians.
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The opposite constructing got here on-line in 2007 at 3280 Greenwald Manner N. in Kissimmee, Fla., lower than 2 miles from City Loop Medical Middle. The 2-story Parkway Medical Workplace Plaza spans 22,500 sq. ft and has greater than 60 parking areas. The tenant roster options Kendrick Orthodontics and CenterWell House Well being.
Different medical suppliers within the space embrace AdventHealth Centra Care Hunter’s Creek, HCA Florida Osceola Hospital and Medical Pavilion and AdventHealth Kissimmee.
MOB funding quantity up year-over-year
Within the first quarter of this yr, medical workplace constructing funding fell 42 p.c quarter-over-quarter to $1.6 billion, based on a nationwide CBRE report. Nevertheless, the sector’s complete gross sales have been up 5 p.c on a year-over-year foundation.
One of many properties that traded up to now this yr in Orlando was the 160,000-square-foot Upshot Medical Middle at Mills Park. AdventHealth acquired the asset from Upshot for $60 million in April, Yardi Analysis Information additionally exhibits.
