Gateway Medical Plaza In Margate Trades For $470 PSF
Florida Medical Space developed Gateway Medical Plaza in 2021 to meet the needs of a long-time client who was looking for a new, state-of-the-art headquarters to relocate its fertility center.
Florida Medical Space developed Gateway Medical Plaza in 2021 to meet the needs of a long-time client who was looking for a new, state-of-the-art headquarters to relocate its fertility center.
The sale is one of the largest condominium-to-multifamily rental conversions in Florida.
The retail strip totals 30,250 square feet on a 3.74-acre lot.
Nick Hassan, Jonathan De La Rosa and Eduardo Toledo of Marcus & Millichap exclusively marketed the property on behalf of the seller.
The two-story property sold for $510 per square foot.
Their expertise spans retail investment sales, sale-leasebacks, development advisory, 1031 exchange transactions, portfolio dispositions, and complex investment strategies nationwide.
The property comprises 8,599 square feet on 1.11 acres and was built in 1993. It is occupied by Shell and Dunkin’.
Adam Marcuvitz, Joeseph Thomas, Ethan Krauss and Alec Demetriou of Marcus & Millichap exclusively marketed the property on behalf of the seller.
The transaction marks the first partnership between the two firms.
Alex Zylberglait of Marcus & Millichap represented the seller, a private overseas group, and procured the buyer, a local private operator.
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