Southwest Florida Medical Office Portfolio

Highlights:

• 9-building NNN Medical Office Building (MOB) portfolio
• Located entirely in rapidly-growing Southwest Florida
• Mix of single-tenant and multi-tenant buildings spanning Manatee and Sarasota Counties
• Strong Florida-centric medical group, MaxHealth, as anchor tenant, with two thirds of the overall portfolio square footage built out as medical offices
• 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:

Strategically positioned along Florida’s Gulf Coast. They 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, a physician-owned primary healthcare business with over 50 locations across the state of Florida. 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 healthcare projects are already underway to support this demand, including:

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

Purchasing all or part of this medical investment opportunity in a continually expanding and aging marketplace, with MaxHealth providing a strong tenant base, will provide a tremendous return on investment for many years to come. Southwest Florida has a very strong and vibrant healthcare market coupled with low office vacancy rates, tremendous residential growth and high quality of life, making this portfolio an excellent investment opportunity beyond just the current income.

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.