Anchor Health JV Pays $32M for South Florida MOB

May 9, 2024

Medical Office Investment News Southeast More Tampa

The three-story building came online in 2020.

Anchor Health Properties, in partnership with BGO, has acquired a 70,418-square-foot medical office building in Sarasota, Fla. Casto sold the asset for $31.8 million, according to Sarasota County records. The purchase was made through a programmatic acquisitions joint venture that was recently launched.

Anchor Health will also provide asset and property management services. The property came online in 2020 and was previously subject to a $17.7 million construction loan in 2019, provided by Truist Bank, with a maturity date set for 2029. The outpatient facility was fully occupied at the time of the sale. JLL provided capital evaluation and advisory services for the asset.

Since the beginning of this year, Anchor Health has expanded its footprint with the acquisition of a three-property medical office building portfolio in the Seattle and Charlotte, N.C. markets, paying $62 million for the collection. More recently, the company topped out its 100,000-square-foot medical campus in Peoria, Ariz.

A clinic on the Southwest Florida Coast

Manatee Physicians Alliance, Advanced Surgery Center of Sarasota, Fresenius and Radiology Regional are among the property’s tenants. A variety of medical services are available at the facility, including family medicine, pediatric radiology, pain management, plastic surgery, dentistry, behavioral health, neurology, dialysis services and diagnostic imaging, among others. An upcoming ambulatory surgery center at the property will feature two operating rooms for orthopedic, joint replacement, podiatry and spine surgery procedures.

Located at 6600 University Parkway E., the three-story building is within Lake Wood Ranch, a master-planned community situated between Tampa and Fort Myers, with access to Interstate 75. The facility is part of the Southwest Florida Coast market. Other medical service providers in the area include Sarasota Urgent Care, Health Point, Lakewood Ranch Medical Center and Concentra Urgent Care, among others.