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Vero Beach, Fla. (October 26, 2021) – Coldwell Banker Commercial represented the buyer and seller in the sale of an ambulatory surgery center (ASC) located at 1325 36th St., Ste. B, in Vero Beach, Fla. in a transaction valued at $2.96 million. The property went under contract in less than three months from listing.

Keith and Kollin Kite, commercial real estate professionals with Coldwell Banker Commercial Paradise, represented the buyer and the seller.

“We are pleased to announce the sale of the Grove Place Surgery Center. The property was
sold as a net lease investment opportunity to Ironside Real Estate USA, a private REIT who
is solely focused on medical investment opportunities throughout Florida and Texas,” said Kollin Kite.

“With Florida’s international presence for real estate and Coldwell Banker Commercial’s global reach, we were able to source a South African real estate group expanding into the strong demographics of Florida’s healthcare real estate market as the buyer,” said Keith Kite.

The Coldwell Banker Commercial team were the only brokers involved in the transaction and will be retained by the new owner for their property management services.  

The 6,916 square feet building, built in 2003, is currently managed by Surgical Care Affiliates (SCA), one of the largest providers of outpatient surgery in the United States. The surgery center is adjacent to Cleveland Clinic Indian River Hospital.

About Coldwell Banker Commercial Affiliates

Coldwell Banker Commercial Paradise, Member Schmidt Family of Companies, is the local affiliate of Coldwell Banker Commercial® and provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition, and disposition of all property types. Since 1906, the Coldwell Banker Commercial brand has been a premier provider of real estate, recognized globally as a company that puts the client first while delivering individual, distinctly different service. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com

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