Fort Lauderdale Medical-Office Complex Sells For $12 Million

Jaime Sturgis, CEO of market-leading Fort Lauderdale-based real estate firm Native Realty, closed $20 million in commercial real estate investment sales transactions in 24 hours.

Sturgis’ new closings include representing both sides of the $12 million sale of the Medplex assemblage in Fort Lauderdale’s core healthcare district.

For the Medplex assemblage sale, Sturgis leveraged his market expertise, relationships and aggressive marketing strategies to generate a bidding war that resulted in the assemblage selling for the full asking price. Sturgis was exclusively retained by seller 4800 Medical Complex LLC after a previous brokerage’s attempts to sell the site were unsuccessful.

Upon taking over the listing, Sturgis quickly procured three compelling offers – two at full asking price and one exceeding the asking price by $500,000.

The sale of the medical-office assemblage, which includes three buildings totaling nearly 60,000 square feet across 1.6 acres, closed on Aug. 1. The buyer is 4800 Medplex LLC.

Sturgis also brokered the $5.2 million sale of an office building in Fort Lauderdale’s Uptown Business District at a time when office property sales are particularly hard to complete. In that transaction, Sturgis represented the seller of the 15,854-square-foot office building at 2880 W. Cypress Creek Road. The AIDS Healthcare Foundation purchased the property on July 31. Ryan Shaw of Marcus & Millichap represented the buyer.

Elsewhere in the city, Sturgis represented the buyer of an industrial building for $2.9 million. Sturgis’ client, Cool Trace Corp., an HVAC mechanical contractor, purchased an 11,000-square-foot building at 800 SW 21 Terrace with plans to occupy it. The transaction closed on Aug 1. Dominick Ficara and Pat Montalbano of Montalbano Realty represented the seller.

“In a challenging market, choosing the right broker matters more than ever,” Sturgis said. “These new closings reinforce our reputation for delivering exceptional results. We create value and opportunities where others cannot.”

Founded in 2017, Native is on pace to surpass $1 billion in overall transactional volume during the third quarter of 2025. Native is also actively working on $100 million in off-market investment sales opportunities on behalf of commercial real estate investor clients.