Picture by Martha Dominguez de Gouveia by way of Unsplash.com
Anchor Well being Properties has acquired a 34,681-square-foot medical workplace constructing in Sebastian, Fla. Indian River County information present that Martin Ventures offered the asset for $11.6 million and the acquisition was financed with an acquisition mortgage of $9.1 million, supplied by First Residents Financial institution.
Anchor Well being purchased the property via Chestnut Healthcare Fund II, a discretionary fairness fund co-managed with Chestnut Funds. The corporate will present asset and property administration for the medical workplace constructing that was 95 % leased on the time of sale.
An outpatient arm of the Cleveland Clinic Indian Memorial Hospital anchors the two-story facility that got here on-line in 2008. As a part of the transaction, the well being system renewed its dedication on the property with a long-term lease. The tenant roster additionally consists of Treasure Coast Dermatology and Vero Orthopaedics.
Positioned at 801 Wellness Means within the Treasure Coast area, equidistant between Orlando and West Palm Seashore, the medical workplace constructing has entry to Interstate 95. Different health-care suppliers within the surrounding space embrace Sebastian River Medical Heart, Water’s Edge Dermatology and Steward Bariatrics & Common Surgical procedure, amongst others.
Anchor Well being’s Florida enlargement
The present acquisition continues Anchor’s enlargement in Florida. The agency’s final 12 months’s investments in The Sunshine State included a 95,777-square-foot facility in Plantation and a 31,886-square-foot medical workplace constructing in Delray Seashore. Each purchases closed in partnership with Harrison Avenue.
Anchor Well being presently has 76 medical workplace buildings beneath possession, totaling 4.5 million sq. ft, in response to CommercialEdge knowledge. The agency just lately entered the Columbus, Ohio, market with the acquisition of a 38,327-square-foot medical workplace constructing in Grove Metropolis, additionally via Chestnut Healthcare Fund II.
