Santa Rosa Medical Center

Purchase Price:

$5,000,000

Lease Type:

Triple Net (NNN)

Occupancy:

100%

Lot Size:

1.26 Acres

Building Size:

7,500 SF

Year Built:

2023

Santa Rosa Medical was acquired from the original Developer in March 2024.  The facility is located at 5804 Dogwood Drive in Milton, Florida, a northern suburb of Pensacola.  The building was completed in 2023 and is 7,500 square feet on a 1.26 acre outparcel of a Publix anchored center.  Santa Rosa Medical Center or SRMC is a 129-bed general hospital and is the primary provider of hospital-based healthcare services and emergency medicine in Santa Rosa County, Florida and is a wholly owned subsidiary of Community Health Systems (NYSE: CYH).  This facility is a occupied by Santa Rosa Medical Group a medical practice with seven (7) locations with a variety of medical specialties including Bariatric weight loss, Cardiology, Family Medicine, Interventional cardiology, General surgery, Neurology, OB-GYN, Orthopedics, Pulmonary, Sleep medicine, Urology and Walk-in care.  This clinic serves the northern corridor of the county and has seen a tremendous amount of residential growth.  The lease was originally for ten (10) years and has Two and half (2.5) percent annual increases.  Primehealth Properties Trust acquired the building for $5M.

Longleaf Realty Partners provides the property management services for the facility.