Updated Sep 28, 2026
Sarasota Memorial Healthcare System Signs 54,000 Square Foot Lease In Nokomis Florida
2695 Curry Lane
Building Size
54,000 SF
Asset Type
Medical Office
Closing
Sep 24, 2026
About this deal
AI
The medical office asset involved in this transaction is located at 2695 Curry Lane, Nokomis, FL, and has a total square footage of 54,000. Flagship Healthcare Properties acquired the site for $4.2 million, where they plan to construct a medical building dedicated to healthcare services.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $4.2 million
- Lease Signer: Sarasota Memorial Healthcare System
- Landlord: J. Brannen Edge - Flagship Healthcare Properties
- Tenant Representative: David Verinder - Sarasota Memorial Healthcare System
- Expected Completion: 2028
Key individuals involved in this transaction include J. Brannen Edge, who represents Flagship Healthcare Properties as the landlord, and David Verinder, who is associated with Sarasota Memorial Healthcare System as the tenant. This agreement marks Flagship Healthcare Properties’ largest lease transaction to date.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93