The properties are occupied by an affiliate of Orlando Health, located in Zephyrhills, Florida
NEWS PROVIDED BY AEI CAPITAL CORPORATION
Jan 17, 2024
Saint Paul, MN. January 2, 2024 — AEI Capital Corporation completed the acquisition of two healthcare properties located in Zephyrhills, Florida. Zephyrhills is a northeastern suburb of Tampa Bay and is considered a high-growth area with a population of approximately 77,000 within a 5-mile radius of the properties. According to the latest estimates, from 2010-2023, the population within a 5-mile radius of the properties increased by approximately 37%.
The properties offer a combined total of 43,898 square feet, leased by an affiliate of Orlando Health, a not-for-profit healthcare organization encompassing award-winning hospitals, stand-alone emergency departments, behavioral health care, skilled nursing facilities, rehabilitation services, and urgent care locations.
The 36763 Eiland Boulevard location was a build-to-suit property for Florida Medical Clinic and was built in 2019. The 31,878 square-foot, two-story clinic offers multi-specialty care in audiology, internal medicine, pain management, oncology, nephrology, neurology, and otolaryngology. The property also includes a diagnostic laboratory.
The second property, located at 36819 Eiland Boulevard was also a build-to-suit property for Florida Medical Clinic and was built in 2013. The 12,020 square-foot clinic offers specialized clinical services, including infectious diseases and wound care. DaVita currently subleases a portion of the building and operates a nephrology practice.
Orlando Health, Inc. purchased the operations of Florida Medical Clinic in August 2023 and is the lease guarantor for both properties.
About AEI Capital Corporation
With a 50-year track record, AEI Capital Corporation is one of America’s most experienced net leased commercial real estate sponsors. AEI has acquired hundreds of single-tenant, net leased income-producing retail, and healthcare properties across America for its Fund and 1031 DST offerings.
AEI Capital is a leading commercial real estate debt free buyer and focuses on acquiring free-standing, single-tenant, net-leased commercial properties occupied by national corporate tenants of investment-grade credit quality. To learn more about AEI and our acquisition criteria, visit aeifunds.com
Contact
Parker Smith
Vice President – Acquisitions
psmith@aeifunds.com
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
