Marcus & Millichap Arranges Sale Of Medical Office Building For $4.5 Million

Marcus & Millichap negotiated the sale of 4650 North Dixie Hwy, an office property located in Oakland Park, for $4,550,000.

“Medical office is still one of the most sought-after property types and this deal is a testament to the continued influx of capital flowing into Florida looking for solid quality assets,” said Michael Crocchiola, associate.

Crocchiola and Alex Zylberglait, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a private investor.

The property consists of 1.61 acres of land and a 13,986-square-foot medical office that will be Blue Cloud Pediatric Surgery Center’s newest Florida location, which will be known as Oakland Park Children’s Surgery Center. The subject is an existing building that will be repositioned into a three-room, Class C surgical center and pediatric dental clinic (a Class C surgical clinic provides major surgical procedures that require general or regional block anesthesia and support of vital bodily functions).

The property is located near major national restaurants and retailers including Publix, Wendy’s, Popeyes and McDonalds.