PORT ST. LUCIE — Optimal Outcomes, a leading developer and owner of healthcare real estate, has announced the purchase of the Mann Research Center building next to Martin Health System’s Tradition Medical Center for $14.65 million.
Besides the purchase of the medical office building, the deal with Mann RC LLC also includes the acquisition of an additional 7.5 acres of contiguous land entitled for additional medical office development.
“Having some familiarity with the Tradition market and with Martin Health System we are very excited to acquire the existing building, but it was the opportunity to acquire the additional land contiguous to a new hospital that made this a high-priority target for us,” said Optimal Outcomes Principal Andy Boggini. “As a healthcare development company, we really viewed this as one of those rare opportunities that doesn’t come along very often.”
Completed in 2013, the existing building is a two-story 41,750 square foot fully leased medical office facility anchored by Martin Health System. Additional tenants include Jack Daubert, M.D., P.A., d/b/a Florida Vision Institute, Visiting Nurse Association of Florida, Inc., RAPS Acquisition Holdings, LLC, and Premier Wellness Centers, LLC. The site is on 3.53 acres, provides 197 parking spaces and has a direct enclosed connector to Tradition Medical Center.
“With the success and planned growth of the Tradition Medical Center, the need for high-quality medical space in this market will continue to grow,” said Optimal Outcomes Principal Patrick Marston. “We are currently looking at several options including another building connected to the hospital as well as free-standing buildings capable of accommodating high acuity providers such as cancer, diagnostic, and surgical centers, we anticipate announcing plans that involve some of these types of users in the very near future.”
The purchase of the existing building and adjacent land officially closed on June 15. Optimal Outcomes has begun planning additional medical development on the adjacent parcels to address the growing medical needs in the surrounding area and to support the planned growth of the neighboring Tradition Medical Center.