Florida medical office building sold for $18.3M

The 48,000-square-foot Wellington (Fla.) Medical Arts Pavilion has sold to Rendina Healthcare Real Estate and Artemis Real Estate Partners for $18.3 million, according to a Jan. 11 report from REBusiness Online.

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By: Claire Wallace

The four-story medical office building is located on the Wellington Regional Medical Center campus, which is owned by Universal Health Services. 

The property was 91% leased at the time of sale to tenants including UHS, Sanitas Medical Center, Gastro Associates of Florida, Conviva Care Centers and Physician Partners of America. 

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