Cushman & Wakefield Represents Sellers In $33.6M Sale Of Boca’s Del Mar Medical Park
The property, located at 7301 and 7301A W. Palmetto Park Road, spans 101,546 square feet across two boutique medical office buildings.
non-advertiser
The property, located at 7301 and 7301A W. Palmetto Park Road, spans 101,546 square feet across two boutique medical office buildings.
A previously announced ten-year lease for 82,000 square feet with an aircraft engine maintenance, repair and overhaul provider has been expanded to 92,000 square feet, and a new tenant has signed a lease for 72,000 square feet.
Since launching in 2023, Stream Florida has grown from just six team members to more than 45 professionals across Miami, Tampa, and Orlando.
The Art Deco retail property spans 35,240-square feet and is currently 98% leased to a premier tenant roster, including H&M, which anchors the property.
Orion acquired the property in 2015 for $27.8 million.
Plans call for 75,080 square feet across two buildings.
Marcus & Millichap’s Drew Kristol and Kirk Olson represented the seller, a local South Florida investor, in the transaction.
“This was a quick listing and closing cycle, which demonstrates the strong demand for this type of high-barrier-to-entry product,” said Everett. “We were able to generate significant buyer interest and close the deal in two months, which reflects the continued strength of the South Florida industrial market.”
Approximately 75 employees report to the South Florida headquarters.
Construction of the 134,000-square-foot store is underway, with a projected opening in 2026.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.
