1425 4TH ST N St. Petersburg FL 33704

Marcus & Millichap is pleased to present for sale GuideWell Emergency Medical Center located at 1425 4th Street N. in Saint Petersburg, Florida. Guidewell is a vast medical holding company, perhaps best known for its Florida Blue – Florida’s Blue Cross Blue Shield option. Guidewell Emergency Medical Centers are Guidewell’s emergency provider arm, which is fed by the vast network its insurance companies cover. With well over five million Floridians under its coverage, Guidewell has found that a visit to their Emergency Medical Centers typically costs patients approximately one third the cost of a traditional ER visit, and results in 30 percent fewer hospital admissions. Consequently, the Guidewell Emergency Medical Centers serve a mission critical role in Guidewell’s goal of providing quality care at reduced cost. Furthermore, Guidewell contracts with Sanitas-USA to provide the medical care at their Emergency facilities. SanitasUSA is a massive healthcare provider organization, serving over three million people with more than 14,000 health care employees. Thus, there are two massive companies with a vested interest in the success of this location.

Guidewell custom redesigned this 7,500 square foot building to their specifications. They signed a 10 year lease at $35/sf – a replaceable rent in this market. The 0.34 acres includes parking across the small side street. Guidewell is responsible for all expenses except roof and structure, which are all effectively new. The lease benefits from 10 percent increases every five years, and offers Guidewell four 5-year options.

St. Petersburg is the second largest city in the Tampa Bay area, and located in Pinellas County, the most densely populated county in Florida. Consequently, commercial real estate is rare and in high demand, resulting in an occupancy that has been over 95 percent for the last ten years.

Major employers in the Saint Petersburg Area include Home Shopping Network, Publix Super Markets, Spectrum, St. Anthony’s Hospital, Raymond James and Johns Hopkins All Children’s Hospital.

The Subject is just one mile outside Downtown St. Petersburg, placing it within minutes of numerous colleges, universities, museums, and hospitals. This Guidewell is located in a dense residential neighborhood, catering to the downtown employers and amenities. Given the virtually zero management, the replaceable rent, the critical role the tenant plays for its giant parent company, and the high barrier-to-entry location adjacent to Downtown, this offering is an excellent opportunity for a passive investor.

■ Guidewell Did their own Buildout, Investing in Excess of Two Million Dollars in this Location

■ 10 Year Lease | Low Rent | Strong Intrinsic Value

■ Affluent Market: Average Household Income Exceeds $112,000 in a One Mile Radius

■ This is More than an Urgent Care Facility. This is an Emergency Room. GuideWell Facilities Offer The Same Equipment Used in Hospital Emergency Rooms Including X-Ray, CT Scan, Rapid labs and Point of Care Testing Allowing to Diagnose Patients More Quickly

■ GuideWell Emergency Medical Doctors, LLC Operate Own StandAlone Urgent Care Facilities, with Care Provided by Sanitas-USA, a Corporation that Specializes in Comprehensive Medical Care

■ GuideWell Emergency Medicine Doctors Located at 1425 4th Street N in St. Petersburg, Florida (Population of 258,308 Residents) and Second Largest City in the Tampa Bay Area

■ Just 1 Mile North of Downtown Saint Petersburg

■ Numerous Colleges and Universities Surround this Property Including St. Petersburg College with 23,501 Enrolled Students, Utica University with 2,678 Enrolled Students and Galen College of Nursing with 2,296 Enrolled Students

■ Florida is a No Income Tax State