RMC Property Group (“RMC”) is pleased to announce that it has acquired the 22,500 Sq. Ft. medical office complex located at 5210 and 5234 E Fowler Ave, Temple Terrace, FL. The complex sits on 2.24 acres and consists of two buildings - each measuring roughly 11,250 Sq. Ft.
The complex is strategically located in the prime Fowler Avenue submarket that services the nearby University of South Florida, which has over 42,000 students. The complex is also conveniently located minutes from several local hospitals and entertainment venues including, Busch Gardens, Adventure Island, and Museum of Science & Industry (MOSI). RMC is currently evaluating several redevelopment options for the eastern portion of the complex given the high-level of interest expressed from medical and retail tenants looking for locations in this submarket.
“We are tremendously excited about the long-term potential of the asset,” said Bobby Eggleston the Chief Real Estate Officer and Chief Financial Officer for RMC. “It is a perfect fit for RMC’s acquisition strategy of seeking out assets primed for repositioning, located in attractive infill submarkets with extreme barriers to entry.”