Tampa hotel completes $21 million expansion

Naples/Fort Myers

Healthy buy: Miami commercial real estate investment firm United Capital paid $4.89 million for a medical office building in Port Charlotte. The 12,216-square-foot building is at 223395 Edgewater Drive and is currently occupied by the Florida Cancer Center. According to United, which announced the deal in a news release, the sale was done through a 1031 Exchange. Bayshore Partnership LLP was the seller. It paid for $340,000 for the then-vacant 2.8-acre property in 2000. United says in the statement that its portfolio includes single and multi-tenant retail, medical office, health care and educational related properties throughout Florida. A look at its portfolio online shows it’s also invested in properties in Indiana and Missouri. 

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