MIAMI (Sep. 30, 2021) — Franklin Street has arranged the sale Hialeah Medical Plaza, a two-story commercial building featuring 41,000 square feet of retail and office space at 3750 W. 16 Ave. in Hialeah, Florida. KEI Acquisitions, LLC acquired the site from RG Property Group Holdings LLC for $7.65 million.
Adam J. Tiktin and Greg Matus, of Franklin Street’s Florida Investment Sales Team, represented the buyer in this transaction. The deal closed on Sept. 20th.
Originally constructed in 1981 and situated on 1.19 acres, Hialeah Medical is 98 percent occupied by 29 medical-based businesses and retailers, including Proactive Health Corp, Tropical Medical Center, New Life Medical Research, Green Cross Clinic, Belen Therapy Medical Center and Benjamin Meat Store, among others.
The property features strong fundamentals including easy access, sufficient parking and an excellent location. Located in the heart of Hialeah along West 16th Avenue at the corner of West 37th Street, Hialeah Medical Plaza offers excellent visibility with traffic counts of approximately 31,000 vehicles per day. The site is adjacent to Lowe’s and Target, and further benefits from its close proximity to Westland Mall and the Palmetto Expressway.
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 more than $5 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 and Atlanta. Learn more about Franklin Street at FranklinSt.com.
