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AdventHealth Acquires Medical Office Building In Tampa From Eastbourne Investments For $15.9M
SOLD
$15,900,000
Florida
See Similar DealsMedical Office105,980 SF
Sold 09/04/2025
SOLD
AdventHealth Acquires Medical Office Building In Tampa From Eastbourne Investments For $15.9M
3500 East Fletcher Avenue
See Similar DealsMedical Office105,980 SF
Sold 09/04/2025
Summary
FLORIDA
Asset Type:Medical Office
Price Per Square Foot:$150
Total Square Footage:105,980 SF
Transaction Type:Sale
AdventHealth has acquired a medical office building situated at 3500 East Fletcher Avenue in Tampa. The transaction involved a sale price of $15,900,000 for a property that encompasses 105,980 square feet. The purchase expands AdventHealth's holdings in proximity to its 626-bed AdventHealth Tampa hospital.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $15,900,000
- Square Footage: 105,980
- Address: 3500 East Fletcher Avenue
- Market: Tampa
- Price Per Square Foot: $150
- Buyer: Jeff Villanueva - AdventHealth
- Seller: Eastbourne Investments Ltd
- Broker Representatives: Jaclyn Blair & Ari Ravi - Ripco
Jaclyn Blair and Ari Ravi of Ripco represented the seller, Eastbourne Investments Ltd, in this real estate transaction. This acquisition is part of AdventHealth's strategy to enhance its medical facilities in the region to better serve the community.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$847,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,489.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,374.11
Annual Debt Service$904,489.34
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