Transwestern Healthcare Capital Markets (“Transwestern”) is pleased to offer for sale the fee simple interest in a 493,012 square foot medical outpatient building called the Southbank Medical Pavilion (the “Property” or “Southbank Medical Pavilion”) in Jacksonville, Florida. The 7.9-acre property on Southbank of the St. John’s River is within one of the largest healthcare hubs in the Southeast United States, which is home to the Baptist Medical Center Jacksonville and Wolfson Children’s Hospital in addition to other specialty medical centers.

Institutionally maintained, the 22-story building is 94% leased to area healthcare providers including Baptist Health, UF Health of Jacksonville, Nemours Children’s Health and others. The property offers the only available medical office space on Jacksonville's largest hospital campus, where all competing buildings are 100% occupied, the anchor system is investing $187M in expansion, and 68,000 SF of non-clinical space has already been successfully converted to medical use — with significant clinical conversion and development opportunities ahead. The properties site includes two parcels that may be developed to meet the growing demand for healthcare services in Northeast Florida.