The Sunrise Medical Park II, LLC acquired the 27,894-square-foot property in the affluent Miami submarket
SOUTH FLORIDA (June 1, 2023) – Franklin Street has arranged the sale of Sunrise Medical Center, a 27,894-square-foot, multi-tenant medical property in Sunrise, Florida, for $5.5 million.
Franklin Street’s South Florida Investment Sales Team of Gregory Matus and Adam Tiktin arranged the sale on behalf of the seller, Trail Park of Commerce Properties. The buyer is Sunrise Medical Park II, LLC.
“We are thrilled to have facilitated the successful sale of this impressive multi-tenant medical property in Sunrise, Florida. The $5.5 million transaction demonstrates the strong demand for prime real estate in South Florida. It was a pleasure working with Marc Gordon, of Trail Park of Commerce Properties as the seller, and we congratulate David Kahn of Sunrise Medical Park II, LLC on their acquisition,” said Greg Matus.
Matus added, “This deal highlights Franklin Street’s commitment to delivering exceptional results and creating value for our clients in the dynamic South Florida market.”
Built in 1992, the property comprises of long-term tenants including MVC Technologies and Medical Specialists of Fort Lauderdale, among others. Further, it is surrounded by one of Broward counties major retail corridors with national retailers including ALDI, Walmart, Walgreens and Lowe’s.
Situated at 8391-8399 W Oakland Park Blvd., the property occupies 3.01 acres at the highly visible intersection of W Oakland Park Blvd and N University Drive, which sees an average daily traffic count of over 89,000 vehicles.
About Franklin Street:
Founded in 2006 during one of the toughest real estate climates, Franklin Street focused on delivering value-added solutions to meet the evolving needs of clients. Through a collaborative philosophy of leveraging the resources, expertise and experience of each of its lines of business, Franklin Street has grown to include seven business divisions – Investment Sales, Tenant and Landlord Representation, Capital Advisory, Insurance, Property Management and Project Management. With $7 billion in transaction value across all major product types, Franklin Street offers unmatched value and optimal solutions for clients nationwide. Headquartered in Tampa, Fla., the company has offices in Fort Lauderdale, Jacksonville, Miami, Orlando, Atlanta and Chicago. Learn more about Franklin Street at FranklinSt.com.
