Transwestern Healthcare Capital Markets (“Transwestern”) is pleased to offer for sale the fee simple interest in a 61,359 square foot Class A medical outpatient building called Commons V (the “Property” or “Commons V”), in the desirable city of Naples, Florida. Completed in 1990 and maintained, the Property is 98.5% percent leased by nine tenants. The three-story clinical building is anchored by the Mosaic Health (“Mosaic”, d/b/a Millennium Physicians Group "MPG"), that operates a 900+ provider multi-specialty medical practice that is part owned by Elevance Health (NYSE: ELV).

Commons V is strategically located in a business park setting that is predominantly clinical medical related practices in the heart of Naples, Florida and within 1.5 miles of Naples Comprehensive Healthcare's Baker Hospital (700+ beds). The Property offers abundant surface parking and convenient access right off the Tamiami Trail, which is the main highway connecting Naples and all major cities in Western Florida. Naples is highly sought after by high-income earners and executives seeking full-time and second home housing with exclusive amenities, tropical weather and no state taxes. Naples continues to expand healthcare services given the average age of residents is 67 years with 56% of the local population over the age of 65.