3844 Bee Ridge Rd - Office FOR SALE


Sarasota, FL 34233- South Sarasota
$10,500,000 USD
941-374-9657
3844 Bee Ridge Rd, Sarasota, FL for Sale
$10,500,000 USD
Office - FOR SALE
1/2
null | 6.19% Cap Rate

3844 Bee Ridge Rd
Sarasota, FL 34233
South Sarasota


HIGHLIGHTS

  • MaxHealth Portfolio (Now a Part of CenterWell/Humana) | Flagship Primary Care
  • Mix of single-tenant and multi-tenant buildings spanning Manatee and Sarasota Counties
  • Anchor tenant MaxHealth was recently acquired by Humana's CenterWell platform
  • CenterWell is one of the nation’s largest senior-focused, value-based primary care providers
  • 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
  • Purchase options include the entire portfolio or individual buildings

OVERVIEW

This MaxHealth Corporate and Primary Care building is strategically located in the heart of Sarasota, along the highly-trafficked Bee Ridge Road. As one of the County’s main east-west corridors, Bee Ridge provides seamless connectivity between Interstate 75 and US-41 (Tamiami Trail), offering exceptional accessibility for both patients and staff traveling from across the region. This building was purchased in 2021 and the entire building was completely remodeled with MaxHealth Primary Care on the first floor, and the MaxHealth Corporate Offices on the second floor. Directly adjacent to the MaxHealth Medical Office Building, this property can be combined for a 2-building MaxHealth Sarasota portfolio located directly in between HCA Florida Sarasota Doctors Hospital and Sarasota Memorial’s main Sarasota campus. The surrounding area is home to a strong mix of complementary medical tenants including Advanced Dental Care, Aspire Dental and Orthodontics, In Focus Eye Care, Sarasota Children’s Clinic, and Take Care Home Healthcare. This concentration of healthcare providers helps reinforce this property's role as a vital component of Sarasota’s healthcare infrastructure.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$473 USD /SF

CAP RATE

6.19%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MaxHealth Flagship Primary Care

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

81

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

OPI

APN/PARCEL ID

0070-03-0008

ASK ABOUT THIS PROPERTY

Tony Veldkamp, CCIMSVN | Commercial Advisory GroupMore Info
941-374-9657

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Tony Veldkamp, CCIMSVN | Commercial Advisory GroupMore Info
941-374-9657

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.