Lakewood Ranch medical offices sell for $10.2 million
LAKEWOOD RANCH -- Two property investment players in the Manatee County market have sealed the second of two multimillion-dollar deals for medical office space, this time in Lakewood Ranch.
Late last month, Fort Myers property investment firm Theriac Enterprises inked the second of two sales contracts for oncology-specific properties to Tampa-based real estate investment trust Carter Validus. The $10.2 million sale of two floors of medical suites at 6310 Health Parkway in Lakewood Ranch was signed the same day Carter Validus paid $3.7 million for a cancer clinic at 6555 Cortez Road W., according to county property records.
The sale is the most expensive of a medical office building in Manatee County in the past year.
Under the terms of the deal, the buyer takes ownership of more than 10,000 square feet of medical offices across two floors of the MOB II building next to Lakewood Ranch Medical Center. The offices are part of a medical office condominium building constructed in 2007. Theriac purchased the Lakewood Ranch property that year as a vacant lot.
According to state corporation records, Theriac is controlled by Dr. Daniel Dosoretz, the founder, president and CEO of Fort Myers-based cancer care provider 21st Century Oncology. which leases the 6310 Health Parkway office space.
Carter Validus owns medical properties throughout the United States, including the Miami International Medical Center, according to its website.
The Medical Parkway and Cortez Road sales take 21st Century away from being its own landlord in two of its three Manatee County locations. 21st Century also leases the 6555 Cortez Road W. property as a clinic location. It owns its clinic at 401 Manatee Ave. E.
The 21st Century company operates 145 cancer clinics in 16 states, and 181 clinics overall across the United States, Mexico and Latin America.
A Carter Validus spokesman said the company does not comment on its property purchases. However, Jag Greywal, a commercial real estate agent with Sarasota commercial firm Ian Black Real Estate, said medical property sales are "very active." He said transactions with tenants leased into space are particularly attractive on both the seller and buyer sides.
"If I had a long-term tenant right now, I'd consider selling," he said.
The other satellite medical office building near Lakewood Ranch Medical Center at 8340 Lakewood Ranch Blvd. is owned by another real estate investment trust associated with Universal Health Services, according to land and corporate records. UHS owns Lakewood Ranch Medical Center and Manatee Memorial Hospital.
Matt M. Johnson, Herald business reporter, can be reached at 941-745-7027, or on Twitter @MattAtBradenton.
This story was originally published April 28, 2015 at 12:00 AM with the headline "Lakewood Ranch medical offices sell for $10.2 million."