Trinity, Fla. – November 11, 2024 – Tampa-based Onicx Group (Onicx) is pleased to announce the acquisition of Trinity Oaks Medical Arts Building, a two-story, 31,000-square-foot Class A medical outpatient building in Trinity, a high-growth suburb within the Tampa Bay region. This acquisition marks the second investment in Onicx’s Healthcare Real Estate Fund since its launch in August.
Constructed in 2008, the property is situated on a BayCare Health System (Fitch AA rating) outpatient campus and boasts a strong tenant mix, including Orthopaedic Associates of West Florida, a subsidiary of the Florida Orthopaedic Institute. The building features contemporary design elements, ample parking, and features an occupancy rate exceeding 91%.
“This acquisition is a strategic addition to our healthcare real estate fund, marking our second acquisition in the last two months,” said Dhvanit Patel, President/CEO at Onicx Group. “We are excited to expand our portfolio with high-quality medical assets and strengthen our presence in Florida, particularly in our home Tampa Bay region.”
“We look forward to building on this momentum as we grow our portfolio of institutional quality healthcare properties in key markets across the United States,” added Ilya Hvostikov, VP of Acquisitions.
Located approximately 20 miles northwest of Tampa in Pasco County—one of the nation’s fastest-growing counties—Trinity Oaks Medical Arts Building enjoys a prime position off Mitchell Road (28,500 VPD), a key east-west corridor connecting coastal and inland communities across Pasco and northern Pinellas counties. The surrounding area is home to a robust senior population, with residents aged 65+ comprising over 28% of the population within a five-mile radius.
Fairfield Asset Advisors represented the seller in the transaction, and financing was provided by First American Bank.
About Onicx Group
Onicx Group is a prominent developer and trusted real estate partner for health systems and physician practices, with a longstanding focus on healthcare real estate. Over the past 20 years, Onicx has developed more than 3 million square feet of commercial real estate. Onicx’s full-service platform off ers an array of services, including feasibility analysis, site selection, development, design, construction, acquisitions, leasing, asset management and property management. With an in-house construction team, Onicx can efficiently manage the entire development cycle.
Contact:
Ilya Hvostikov
ilyahvostikov@onicx.com | 267-980-8283
Source: Onicx Group
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
