{"id":186070,"date":"2026-03-10T19:13:08","date_gmt":"2026-03-10T19:13:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/186070\/"},"modified":"2026-03-10T19:13:08","modified_gmt":"2026-03-10T19:13:08","slug":"two-tampa-bay-medical-office-buildings-sell-for-12-85m-amid-strong-healthcare-demand","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/186070\/","title":{"rendered":"Two Tampa Bay medical office buildings sell for $12.85M amid strong healthcare demand"},"content":{"rendered":"<p>Medical office real estate continues to trade actively across Tampa Bay as healthcare providers expand their footprints and investors seek buildings already built for clinical use.<\/p>\n<p>Colliers recently closed two medical office transactions totaling $12.85 million, reflecting strong demand for second-generation healthcare space across the region. <\/p>\n<p>The deals include an 18,677-square-foot medical office building in St. Petersburg\u2019s Grand Central District and an 8,192-square-foot medical office property in Tampa\u2019s Westshore Business District.<\/p>\n<p>Colliers Executive Vice President Juan Vega represented the sellers in both transactions.<\/p>\n<p>The larger transaction took place at 2201 Central Ave. in St. Petersburg, where 2201 Central Avenue Property LLC purchased the three-story building for $8.25 million. The property sits on roughly one acre near downtown St. Petersburg and Tropicana Field.<\/p>\n<p>Vega represented MLF Pathways LLC, a group of local neurologists that acquired the property in 2007 for $1.1 million. Archer Group Real Estate LLC and Seacrest Advisory LLC represented the buyer.<\/p>\n<p>READ: <a href=\"https:\/\/tbbwmag.com\/tampa-bay-real-estate-news\/\" rel=\"nofollow noopener\" target=\"_blank\">TAMPA BAY REAL ESTATE NEWS<\/a><\/p>\n<p>The building features a modern medical interior and specialized infrastructure designed to support advanced healthcare uses, such as imaging equipment. Orlando Health currently occupies a 3,520-square-foot MRI suite on the first floor.<\/p>\n<p>The Houston-based buyer, a global real estate investment manager, acquired the property for medical use. <\/p>\n<p>Colliers said the building requires only minor improvements before an incoming medical group affiliated with Tampa General Hospital moves in.<\/p>\n<p>The second transaction occurred in Tampa\u2019s Westshore Business District, where Brandon H-D Properties LLC and AMR Redux LLC purchased a single-tenant medical office building at 5041 W. Cypress St. for $4.6 million.<\/p>\n<p>The 8,192-square-foot property sits on 0.93 acres and includes 51 parking spaces. Developers designed the building as a high-end specialty medical facility and installed extensive infrastructure for imaging and other clinical services.<\/p>\n<p>Vega represented the seller, Crespo &amp; Associates PA, in the transaction. John DeLaVergne of DeLaVergne &amp; Company represented the buyer.<\/p>\n<p>The new ownership group plans to occupy the property with minimal modifications, allowing the medical practice to begin operating quickly.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" id=\"90115\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/03\/COVER-PHOTO_2201-Central-Ave_57-scaled.jpg\" alt=\"Medical office building at 2201 Central Ave. in St. Petersburg\u2019s Grand Central District.\" width=\"2560\" height=\"1707\" class=\"image-compare__image-before\"\/><img loading=\"lazy\" decoding=\"async\" id=\"90116\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/03\/Main-Photo_5041-W-Cypress-St-Tampa-FL-33_EDITED-CROPPED-scaled.jpg\" alt=\"Medical office building at 5041 W. Cypress St. in Tampa\u2019s Westshore Business District.\" width=\"2560\" height=\"1923\" class=\"image-compare__image-after\"\/><\/p>\n<p>Demand grows for second-generation medical space<\/p>\n<p>\u201cThese transactions demonstrate the strength of the medical office market across Tampa Bay,\u201d Vega said. \u201cSecond-generation medical space with significant existing infrastructure is in high demand, because replacement costs and new construction have become cost-prohibitive.\u201d<\/p>\n<p>Buildings already equipped with imaging infrastructure and clinical build-outs give medical users a significant cost advantage. <\/p>\n<p>Constructing that level of specialized space today often requires millions in additional capital and lengthy construction timelines.<\/p>\n<p>READ: <a href=\"https:\/\/tbbwmag.com\/\" rel=\"nofollow noopener\" target=\"_blank\">TAMPA BAY BUSINESS NEWS<\/a><\/p>\n<p>Healthcare expansion across Florida continues to drive that demand.<\/p>\n<p>\u201cMedical office activity in Tampa Bay remains robust, as new users relocate from out of state and establish a presence in the market,\u201d Vega said. \u201cMost large specialty practices are being acquired by private equity-backed groups, while major healthcare systems expand into new locations to reduce patient drive times to branches and hospital campuses.\u201d<\/p>\n<p>Population growth, expanding hospital systems and new physician groups continue to shape Tampa Bay\u2019s healthcare real estate landscape. <\/p>\n<p>Medical users increasingly seek buildings that allow them to open quickly while avoiding the rising cost of building specialized healthcare space from the ground up.<\/p>\n<p>  Stay Informed<\/p>\n<p>\n    Stay up to date on Tampa Bay business news, executive profiles and the companies shaping the region.\n  <\/p>\n<p>\t\tPost navigation<\/p>\n","protected":false},"excerpt":{"rendered":"Medical office real estate continues to trade actively across Tampa Bay as healthcare providers expand their footprints and&hellip;\n","protected":false},"author":2,"featured_media":186071,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[6391,5752,6584,276,61002,20224,596,480,8633,199,135,1526,1703,21668,3871,137,136,11863],"class_list":{"0":"post-186070","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tampa","8":"tag-colliers","9":"tag-commercial-real-estate","10":"tag-health-care","11":"tag-hillsborough-county","12":"tag-left","13":"tag-office-space","14":"tag-pinellas-county","15":"tag-real-estate","16":"tag-sales","17":"tag-st-petersburg","18":"tag-tampa","19":"tag-tampa-bay","20":"tag-tampa-bay-business","21":"tag-tampa-business","22":"tag-tampa-general-hospital","23":"tag-tampa-headlines","24":"tag-tampa-news","25":"tag-tampa-real-estate"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/186070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=186070"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/186070\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/186071"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=186070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=186070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=186070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}