Sphere Investments Buys Mid-Pinellas Medical Center in Tampa Bay

SaleOfficeSt. Petersburg / Pinellas

Reported Oct 27, 2026 · Source: Business Observer

Source: Business ObserverRead the full report at Business Observer ↗

Deal details

Buyer
Sphere Investments (Miami)
Seller
Not disclosed
Price
$10.4 million (approximately $435/SF)
Size
Not disclosed
Asset class
Office
Transaction
Sale
Sub-market
St. Petersburg / Pinellas
Metro
Tampa Bay
Reported date
Oct 27, 2026

Summary

The property is the Mid-Pinellas Medical Center at 2805 54th Ave. near Haines Run Road and Interstate 275. The buyer is Sphere Investments, a Miami-based private investment group, which bought it as part of a 1031 exchange. Source: Business Observer.

Summarized from the article; the quoted lines below are from the article itself.

Source: Business Observer

Read the full report at Business Observer. What the article says:

  • Deal
    The property is the Mid-Pinellas Medical Center at 2805 54th Ave. near Haines Run Road and Interstate 275.
  • Price
    St. Petersburg medical building sells for $10.4 million
  • Buyer
    The buyer is Sphere Investments, a Miami-based private investment group, which bought it as part of a 1031 exchange.
  • Price
    The building traded for approximately $435 per square feet at a 6.4% cap rate.

Article date: 2026-10-27T13:20:00-04:00

Frequently asked questions

Who bought Mid-Pinellas Medical Center?
Sphere Investments bought Mid-Pinellas Medical Center in St. Petersburg / Pinellas, Tampa Bay, according to Business Observer.
How much did Mid-Pinellas Medical Center sell for?
The reported price is $10.4 million, per Business Observer.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.