SLC Commercial sells US 1 Sebastian Site for Medical Office Development

Conceptual drawing of 35,000 s/f Medical Office Development

Michael Yurocko, CCIM, Vice President and Broker of SLC Commercial reports the sale of a 3.69-acre site at 13975 U.S. Hwy. 1, Sebastian. The buyer, a related company of Roberts Equities, LLC, plans to develop a 35,000 square foot medical office building on the site.

The proposed development site fronting U.S. 1 is directly next to Sebastian River Medical Center, which is also planning a major expansion program. Yurocko of SLC Commercial represented the buyer in the transaction with a co-brokerage from Wesley Davis of IRAA, LLC.

According to Yurocko, Sebastian has not witnessed a medical office development on this scale for several years. However, Roberts Equities feels the growing demand from specialists and providers of medical services within the local community is creating a strong demand for new Class A office space.

SLC Commercial will represent the developer in the leasing of space at the planned development.

SLC Commercial is a full-service commercial real estate brokerage company with six brokers holding the distinguished CCIM Designation. SLC maintains offices in Stuart, Vero Beach, Port St Lucie, and West Palm Beach.

For more information, contact SLC Commercial at 772-220-4096. Roberts Equities, which maintains offices in NY and Fla., is primarily focused on the acquisition and development of retail and office properties and is currently involved in multiple development projects in Indian River County.

By Mike Yurocko, Your Newsweekly Contributor for TC Palm Indian River County YOURNEWS