Winter Garden Medical Property Sells For $11.2M

Franklin Street has arranged the sale of a newly built, 23,241-square-foot Class A medical office building in Winter Garden for $11.2 million, or $481.90 per square foot.

Franklin Street Director Matthew Weinberger, who specializes in healthcare real estate, brokered the transaction on behalf of both the seller, Verax WG, LLC, and the buyer, Charlotte-based Flagship Healthcare Properties, a fully integrated outpatient healthcare real estate firm.

Completed in 2022, the multi-tenant property is 100% occupied and fully stabilized. It is anchored by AdventHealth Well 65+, a primary care practice that has five locations across Central Florida, with co-tenants including AdventHealth Sports Med and Rehab, Winter Garden OB/GYN, Orlando Neurosurgery and The Ear, Nose, Throat and Plastic Surgery Associates.

Located at 12323 W. Colonial Dr., the property is part of the Winter Garden’s flourishing medical and commercial corridor with nearby hospital systems such as AdventHealth Winter Garden and Orlando Health – Health Central.

“This first-class medical property is extremely well positioned within Winter Garden’s robust healthcare sector, while boasting a strong tenant roster that serves as a great benefit to the surrounding community,” said Weinberger. “We are pleased to have helped Flagship add another worthy medical office asset to its portfolio in the Central Florida market.”