KEI Properties scooped up the Hialeah Medical Plaza for $7.7 million.
The North Miami-based real estate investor and manager bought the office and retail property at 3750 West 16th Avenue from RG Property Group, according to a news release from the buyer’s broker.
Adam Tiktin and Greg Matus of Franklin Street represented the KEI Properties affiliate that purchased the building. The deal closed on Thursday.
The two-story, 41,000-square-foot building was constructed in 1981 on 1.2 acres, according to the release.
Hialeah Medical Plaza is 98 percent occupied by businesses and stores, many of which provide medical-related services and goods. Tenants include Proactive Health, Tropical Medical Center, New Life Medical Research, Green Cross Clinic, Belen Therapy Medical Center and Benjamin Meat Store.
