Share This Listing

Message

943 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Investment Highlights

  • 9-building NNN Medical Office Building (MOB) portfolio located in rapidly-growing Southwest Florida
  • Anchor tenant MaxHealth was recently acquired by Humana's CenterWell platform
  • 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
  • Mix of single-tenant and multi-tenant buildings spanning Manatee and Sarasota Counties
  • CenterWell is one of the nation’s largest senior-focused, value-based primary care providers
  • Purchase options include the entire portfolio or individual buildings

Executive Summary

MaxHealth – now a part of Humana/CenterWell | Southwest Florida Medical Office Portfolio
View our Offering Memorandum here: https://drive.google.com/file/d/1izTwrRJrst74czrck7Zy1ABuSi1ZBF9S/view?usp=drive_link
SVN Commercial Advisory Group is very pleased to present this institutional quality medical office portfolio anchored by Humana’s CenterWell platform in one of Florida’s fastest growing healthcare markets. Strategically positioned along Florida’s Gulf Coast, the medical offices 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, which was recently acquired by CenterWell Senior Care, the healthcare services division of Humana Inc. (NYSE: HUM) — the nation’s second-largest health insurer, with projected 2025 revenues exceeding $128 billion. 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 area healthcare projects are already underway to support this demand, including:
Sarasota Memorial Hospital – Venice Campus (opened 2021)
HCA Florida North River Hospital (Freestanding Emergency opened 2025)
BayCare Hospital Manatee (slated for opening in 2028)
Sarasota Memorial Hospital – North Port Campus (slated for opening in 2028)
This portfolio combines institutional-quality healthcare tenancy, strong demographic tailwinds, diversified income, embedded leasing upside, and irreplaceable locations in one of the fastest-growing healthcare markets in the United States. The combination of CenterWell’s affiliation with Humana, Southwest Florida’s sustained population growth, and increasing demand for outpatient medical services creates an opportunity for durable income with long-term appreciation potential.

Property Facts

Price $84,641,998 CAD
Price / SF $491.50 CAD / SF
Cap Rate 6.51%
Sale Type Investment NNN
Status Active
Number of Properties 9
Individually For Sale 8
Total Building Size 172,210 SF
Total Land Area 15.12 AC
  • Listing ID: 37475331

  • Date on Market: 2025-08-29

  • Last Updated:

  • Address: SW Florida Medical Office Portfolio, Sarasota, FL

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}