Two workplace properties in Pasco County’s New Port Richey not too long ago bought, and one new proprietor expects to ultimately create greater than 150 jobs within the space.
9912 Little Rd. LLC bought the medical workplace constructing at 9912 Little Highway, which the U.S. Division of Veterans Affairs had beforehand occupied for 20 years as an outpatient clinic. The 45,594-square-foot property on 9.27 acres bought for $4.4 million.
Heidi Tuttle-Beisner, broker-owner at Industrial Asset Companions (CAP) Realty represented the vendor, Orion New Port Richey FL LLC, within the transaction. The client, an affiliate of BoldAge PACE, will function a state-authorized Program of All-Inclusive Look after the Aged heart from the house.
“Medical companies are in greater demand now greater than ever, because of the explosive development of Pasco County,” Tuttle-Beisner stated. “Medical and life sciences customers are additionally extremely drawn to the world because of the 775-acre Moffitt Most cancers Middle undertaking and the opening of the Ridge Highway extension, which gives simpler entry all through the county.”
From its new, yet-to-be-named Program of All-Inclusive Look after the Aged location in New Port Richey, BoldAge PACE will serve adults 55 and older in Pasco, Hernando and Hillsborough counties. The placement will embrace a main care medical heart, present bodily, occupational, and different rehabilitative therapies, have an grownup day heart, handle operations for the house well being staff and transportation unit, and function the house for all Program of All-Inclusive Look after the Aged group outreach applications.
“Research confirmed there was a necessity for a Program of All-Inclusive Look after the Aged in New Port Richey and the encompassing space,” stated Michael Czermak, chief administrative officer of BoldAge PACE. “This property is situated in an space we need to serve, and actually matches our wants space-wise, as does the construction of the constructing, being one-story and fantastically located.”
BoldAge PACE plans to open its new location in late 2024 or early 2025, following renovations to the property. Czermak stated he expects that, at maturity, the middle will serve 400 to 500 older grownup contributors and make use of 150 native residents, and can be home-base for BoldAge’s chief medical officer and government vice chairman of enterprise improvement, each of whom are long-time Central Florida residents.
Along with the New Port Richey location, the corporate at present operates and has in improvement a number of Program of All-Inclusive Look after the Aged facilities in different Central Florida counties and numerous states, together with California, Illinois, Indiana, Kentucky, New Jersey and South Carolina.
As well as, a 30,731-square-foot workplace constructing at 5642-5652 Meadowlane Avenue in New Port Richey has bought for $2.75 million.
Tuttle-Beisner represented the vendor, Doyle Farm Household Restricted Partnership, within the transaction. Deanna DeCubellis with Paradise West Realty represented the customer, which is doing enterprise as Bayonet, a plumbing, air con and heating companies firm that may function from this location.
The transfer consists of consolidating 4 properties Bayonet had beforehand leased or owned in Hudson, Port Richey and New Port Richey, to this one location on Meadowlane Avenue.
“This purchaser was searching for one thing turnkey, that didn’t contain an enormous reworking funding, and in addition served their central demographic effectively, protecting in thoughts staff’ commutes to the brand new location,” stated Tuttle-Beisner. “This property checked all of the containers.”
About Industrial Asset Companions Realty:
One of many prime mid-sized industrial actual property firms within the Tampa Bay space, CAP Realty handles leasing and gross sales of retail, workplace and industrial properties, together with serving to purchasers with actual property funding gross sales and land transactions. Based mostly in New Port Richey, Fla., Dealer-Proprietor Heidi Tuttle-Beisner and her staff have constructed an organization that has the expertise and assets to deal with a variety of assignments, whereas providing a excessive degree of private service for every shopper. For extra info, see the corporate’s web site at www.cap-realty.com.
About BoldAge PACE:
BoldAge PACE is an revolutionary different for older adults who want a nursing-home degree of healthcare however who need the independence to age at house and keep related to their communities. Every participant will get a personalised care plan, developed by our built-in staff of consultants, that actually helps their general well being and well-being.