MaxHealth – now a part of Humana/CenterWell | Southwest Florida Medical Office Portfolio

Highlights:

• 9-building NNN Medical Office Building (MOB) portfolio located in rapidly-growing Southwest Florida
• Mix of single-tenant and multi-tenant buildings spanning Manatee and Sarasota Counties
• Anchor tenant MaxHealth was recently acquired by Humana's CenterWell platform, transitioning the property's primary tenant from a regional healthcare provider to one supported by the financial strength and resources of a Fortune 100 healthcare company
• CenterWell is one of the nation’s largest senior-focused, value-based primary care providers
• Average in-place term of 7.2 years with just under half of tenants having been in place for 5+ years, showing longevity and commitment
• Purchase options include the entire portfolio or individual buildings

Description:

SVN Commercial Advisory Group is very pleased to present this institutional quality medical office portfolio anchored by Humana’s CenterWell platform in one of Florida’s fastest growing healthcare markets. Strategically positioned along Florida’s Gulf Coast, the medical offices stretch from Ellenton in North Manatee County, through Bradenton and Sarasota, down to Venice and North Port in South Sarasota County.

All properties are anchored by MaxHealth, which was recently acquired by CenterWell Senior Care, the healthcare services division of Humana Inc. (NYSE: HUM) — the nation’s second-largest health insurer, with projected 2025 revenues exceeding $128 billion. MaxHealth offers a broad range of medical practices including general medicine, internal medicine, and geriatrics, in addition to multiple affiliated specialty practices offering cardiology, dermatology and oncology.

Each property benefits from prominent road frontage along major highways and thoroughfares throughout the North Port–Sarasota–Bradenton MSA, ensuring strong visibility, ease of access, and close proximity to area hospitals and medical centers. Five buildings in the portfolio are larger multi-tenant buildings with MaxHealth as the primary anchor, and four are single-tenant MaxHealth buildings. The entire portfolio can be purchased as a whole, or buildings may be purchased individually (with the exception of the two Cortez Road buildings that are both located on the same deeded parcel).

Over the past five plus years, this region has experienced substantial growth and development, with tens of thousands of new residential units either completed or currently under construction. This residential boom continues to drive demand for high-quality medical services and facilities.

In addition to population growth, the area’s aging population has led to a marked increase in demand for healthcare services, with the the need only expected to grow, as approximately 49.2% of the area’s residents are over the age of 55.

Several major area healthcare projects are already underway to support this demand, including:

Sarasota Memorial Hospital – Venice Campus (opened 2021)
HCA Florida North River Hospital (Freestanding Emergency opened 2025)
BayCare Hospital Manatee (slated for opening in 2028)
Sarasota Memorial Hospital – North Port Campus (slated for opening in 2028)

This portfolio combines institutional-quality healthcare tenancy, strong demographic tailwinds, diversified income, embedded leasing upside, and irreplaceable locations in one of the fastest-growing healthcare markets in the United States. The combination of CenterWell’s affiliation with Humana, Southwest Florida’s sustained population growth, and increasing demand for outpatient medical services creates an opportunity for durable income with long-term appreciation potential.

Florida remains one of the fastest-growing states in the U.S., with over 1,000 new residents per day. The state’s pro-business climate, which includes no state income tax, ongoing infrastructure investments, rapid real estate expansion, and an enviable quality of life, continues to attract both residents and businesses alike.

The Bradenton/Sarasota area is located on Florida's beautiful West Coast on the Gulf of America about one hour south of Tampa. With a projected 6% population growth over the next five years, the region is well-positioned for continued expansion—making this portfolio a valuable asset within a thriving, high-demand healthcare market.

Both cities are best known for their beautiful beaches; Bradenton features Anna Maria Island with Holmes Beach, Bradenton Beach and Coquina Beach, while Sarasota is best known for Siesta Key and Lido Key Beach, with both Counties sharing Longboat Key.

Manatee County is an ideal spot for nature enthusiasts with attractions such as De Soto National Memorial, Robinson Preserve, Lake Manatee State Park, Palma Sola Botanical Park, Neal Preserve, Perico Preserve, Rye Preserve, Terra Ceia Preserve State Park, and the Bradenton Riverwalk, to name a few. Other attractions bringing visitors each year include the Village of the Arts, the Bishop Museum of Science, LECOM Park (Spring Training home of the Pittsburgh Pirates), the Florida Railroad Museum and the Florida Maritime Museum.

Manatee County draws national attention each year through the highly esteemed IMG Academy, which services elite athletes from around the world.

Vibrant hot spots in Sarasota County driving visitors to the area include St. Armands Circle, Mote Marine, Marie Selby Botanical Gardens, The Van Wezel Performing Arts Hall, Ed Smith Stadium (Spring Training home of the Baltimore Orioles), Sarasota Jungle Gardens, The John and Mable Ringling Museum of Art, Nathan Benderson Park and it’s internationally acclaimed rowing facility, Historic Downtown Venice, and CoolToday Park (Spring Training Home of the Atlanta Braves).

Many nationally recognized companies call the Bradenton/Sarasota Area home or have major facilities located here. These include Tropicana Products (PepsiCo), Air Products & Chemicals, Beall's Department Stores, Chris-Craft Boats, Yellowfin Yachts, Feld Entertainment (Ringling Brothers Circus / Monster Jam), Sunz Holdings, Sun Hydraulics, Sysco West Coast, and Pierce Manufacturing.

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