The buildings total approximately 62,000 square feet.
CBRE’s Gordon Messinger represented the landlord, MAS*AJP, in the transactions.
The 120,000-square-foot medical center will offer teams of physicians, an on-site lab, pharmacy, and an AI-powered diagnostic center.
Alex Zylberglait and Michael Crocchiola, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller.
ShareMD paid $6.45 million in the off-market deal that closed May 21.
The property consists of a 9-story office tower, a 2-story medical office building and a development pad.
Stigliano was also able to refer the Buyer to a lender that specialized in medical owner-occupied buildings. The lender provided the first mortgage which included additional funds for tenant improvements at a very low interest rate which made the transaction even more attractive.
The buildings, which total 64,436 square feet, were 93.5% occupied at the time of the sale.
He has 14 years of experience in South Florida commercial real estate covering most types of transactions and representation. His experience in office and industrial agency and tenant representation, healthcare, multimarket portfolio accounts and advisory services lends itself as a perfect fit to the Sperry platform of services.
MedSquare Health, which comprises 116,000 square feet, opened in November 2020.
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