A pair of Tampa Bay area medical office buildings have sold for a combined $12.85 million. Colliers\u2019 Juan Vega represented the sellers in both deals.<\/p>\n
The first is a 18,677-square-foot building near downtown St. Petersburg and Tropicana Field.\u00a0<\/p>\n
The three-story building sits on one acre at 2201 Central Ave. and includes a mechanical, electrical and plumbing infrastructure designed for specialty medical uses and imaging.\u00a0<\/p>\n
Orlando Health currently occupies a 3,520-rentable-square-foot MRI suite on the first floor, says Colliers, which brokered the sale of both properties.\u00a0<\/p>\n
The buyer, an LLC with a local address described by Colliers as a \u201cglobal real estate investment manager headquartered in Houston,\u201d paid $8.25 million.\u00a0<\/p>\n
The previous owner, MLF Pathways, paid $1.1 million in 2007.<\/p>\n
Archer Group Real Estate and Seacrest Advisory represented the buyer.<\/p>\n
The second is an 8,192-square-foot building at 5041 W. Cypress St. in Tampa. The single-tenant medical office building sits on 0.93 acres and includes 51 parking spaces.\u00a0<\/p>\n
The buyers, Brandon H-D Properties and AMR Redux, paid $4.6 million.\u00a0<\/p>\n
The previous owner, Crespo & Associates, paid $2.2 million for it in 2006.\u00a0<\/p>\n
The building, Colliers says, features a substantial build-out for imaging and other medical use and the new owners plan to use the space with little or no improvements, allowing for immediate occupancy.\u00a0<\/p>\n
John DeLaVergne of DeLaVergne & Co. represented the buyer.<\/p>\n
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