Upshot Capital buys Lake Nona Village site for new urgent care center

Standard design of a Centra Care urgent care facility.
Standard design of a Centra Care urgent care facility. (Florida Hospital)

UPDATED: DECEMBER 8, 2017 2:49 PM — An affiliate of Orlando-based real estate investment group Upshot Capital Advisors paid $1.05 million on Thursday for a Lake Nona site planned for a new Centra Care, to be the urgent care brand's first location in southeast Orange County.

Located at 9645-9637 Lake Nona Village Place, fronting the 9500 block of Narcoossee Road, two lots totaling 1.03 acres are planned for the project. It will be set directly between offices for Lake Nona Family Dentistry and Physician Associates, and less than a block north of the Johnson & Johnson Human Performance Institute.

Learn what this local real estate investment group paid for the downtown retail site located between a wealth of new development, and who will fill the space.

An urgent care division of Florida Hospital, Centra Care currently has 23 locations in Greater Orlando, but this would be its first in Lake Nona or anywhere in Orange southeast of Orlando International Airport.

"We are pleased to bring urgent care services to Lake Nona-area residents with the opening of our latest Centra Care," said Dr. Scott Brady, president of Florida Hospital Centra Care. "The Lake Nona (location) is slated to open in mid-2018."

Land buyer Urgent Care Developers of S.E. Orlando, LLC also filed a notice of commencement on Thursday for Hembree Construction to build the medical office building, related improvements and landscaping. Iberiabank is listed as construction lender.

Plans call for a 5,285-square-foot building with associated parking. Construction, plumbing and engineering permit applications for the Centra Care site remain under review by city staff.

On plans filed in July with the South Florida Water Management District, Orlando-based Realty Capital is listed as developer, with Klima Weeks as civil engineer and Michael Brady, Inc. as architect.

Insight on what drove the buyer to invest heavily in a Downtown Orlando parcel without a clear user lined up, and another investment it should close on soon.

However, Upshot's Raul Socarras was involved at that point as a main contact for the application. Socarras has developed similar urgent care projects in St. Cloud, Tampa, Wesley Chapel, Lake Mary and Winter Park.

Officials with Upshot and Realty Capital did not respond to requests for comment on Friday.

The seller was a land owner affiliate of Tavistock Development Company.

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