SOLD
HREA
SARASOTA
FLORIDA
ON-CAMPUS MEDICAL OFFICE BUILDING
Sale Announcement
HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of an on-campus medical office building located in Sarasota, FL.
Constructed in 2003, the Silverstein Institute medical office building is 93% leased and anchored by First Physicians Group ENT (FPG), a wholly-owned subsidiary of Sarasota Memorial Health Care System. FPG is Sarasota’s foremost primary and specialty care medical group with a network of over 250 board-certified or board-eligible doctors representing wide array of specialties. FPG recently acquired Silverstein Institute, a leading research center for diagnosing and treating ENT disorders. As part of the acquisition, FPG signed a new 10-year lease.
The building is 75% occupied by the Sarasota Memorial Health Care System and located adjacent to the Sarasota Memorial Hospital (SMH) campus, an 839-bed regional medical center that is also one of the largest public health systems in Florida with nearly 7,000 professionals and more than 1,400 credentialed providers representing 60 specialties.
About HREA
HREA | HEALTHCARE REAL ESTATE ADVISORS is a national leader in advising healthcare providers and real estate owners with various monetization strategies, including disposition, debt & equity recapitalization, and tax-deferred structures, such as the Hybrid Sale-Leaseback®, §1031 Exchange, and UPREIT.
HREA’s capabilities also include providing health systems and physician groups with 100% nonrecourse financing for new development and expansion, as well as monetizing surplus and non-essential real estate assets.
The founders of HREA have completed over $3 billion of healthcare real estate sale transactions in nearly every state in the U.S. With an exclusive focus on healthcare real estate, HREA has a unique perspective of this rapidly evolving industry that provides solutions customized to each client’s goals and objectives.
ABOUT HREA | OUR SERVICES | NEWS | CONTACT US
CHRISTOPHER L. STAI, CPA
Managing Director
480.433.3494
cstai@healthcareREA.com
CA RE: 01836740
Raleigh, NC
JOSHUA D. H. REES, MRICS
Director
858.312.0657
jrees@HealthcareREA.com
CA RE: 02039922
San Diego, CA
RYAN V. MICHAELS
Associate
760.815.0421
rmichaels@HealthcareREA.com
CA RE: 02132328
San Diego, CA
JANTZEN B. GONGON
Director of Marketing
619.894.5949
jgongon@healthcareREA.com
San Diego, CA
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