Two Tampa Bay medical buildings sold for nearly $13M

A pair of Tampa Bay area medical office buildings have sold for a combined $12.85 million. Colliers’ Juan Vega represented the sellers in both deals.

The first is a 18,677-square-foot building near downtown St. Petersburg and Tropicana Field. 

The three-story building sits on one acre at 2201 Central Ave. and includes a mechanical, electrical and plumbing infrastructure designed for specialty medical uses and imaging. 

Orlando Health currently occupies a 3,520-rentable-square-foot MRI suite on the first floor, says Colliers, which brokered the sale of both properties. 

The buyer, an LLC with a local address described by Colliers as a “global real estate investment manager headquartered in Houston,” paid $8.25 million. 

The previous owner, MLF Pathways, paid $1.1 million in 2007.

Archer Group Real Estate and Seacrest Advisory represented the buyer.

The second is an 8,192-square-foot building at 5041 W. Cypress St. in Tampa. The single-tenant medical office building sits on 0.93 acres and includes 51 parking spaces. 

The buyers, Brandon H-D Properties and AMR Redux, paid $4.6 million. 

The previous owner, Crespo & Associates, paid $2.2 million for it in 2006. 

The building, Colliers says, features a substantial build-out for imaging and other medical use and the new owners plan to use the space with little or no improvements, allowing for immediate occupancy. 

John DeLaVergne of DeLaVergne & Co. represented the buyer.