3251 N State Rd 7 - Medical FOR SALE


Margate, FL 33063
$15,620,000 USD
305-345-7776
3251 N State Rd 7, Margate, FL for Sale
$15,620,000 USD
Medical - FOR SALE
1/7
null | 6.19% Cap Rate

3251 N State Rd 7
Margate, FL 33063


HIGHLIGHTS

  • Premier Class A medical office, built 2020, 31,243 RSF
  • Prime “Medical Mile” location, 0.6 miles from HCA hospital
  • 94.6% occupied; 9+ year WALT
  • Anchor US Fertility invested $5M+ in flagship buildout
  • High barriers: limited SR-7 land restricts future competing supply

OVERVIEW

Marcus and Millichap is proud to present Gateway Medical Plaza, a premier Class A medical of?ce asset located at 3251 North State Road 7 in Margate, FL. This exceptional property offers 31,243 square feet of rentable built area, currently 94.6% occupied. Built in 2020, the facility features state-of-the-art construction and accommodates a specialized tenant mix, including a fertility clinic anchor that has invested over $5 million in improvements to establish a Flagship location. Strategically located just 0.6 miles from HCA Florida Northwest Hospital, this property benefits from a secure income stream with a weighted average lease term (WALT) exceeding 9 years. Offered at $15,650,000, the investment provides a 6.2% cap rate with clear value-add potential to achieve a 6.9% pro forma cap rate by leasing the remaining vacancy. The surrounding area supports this demand with a dense, aging population requiring consistent medical care. Situated along the vital State Road 7 corridor, Gateway Medical Plaza offers easy access to the Florida Turnpike and Sawgrass Expressway, serving as a central healthcare destination for Northern Broward County. This prime location makes it an ideal investment for those seeking a stabilized, high-quality medical asset with recession-resistant fundamentals in a market with high barriers to entry.

FOR SALE DETAILS

PRICE

$15,620,000 USD

PRICE/SF

$503 USD /SF

CAP RATE

6.19%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Gateway Medical Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

151

LAND DETAILS

LAND ACRES

2.31 AC

LAND SF

100,624 SF

ZONING

B-2

APN/PARCEL ID

48-41-24-10-0040

ASK ABOUT THIS PROPERTY

Alex ZylberglaitMarcus & MillichapMore Info
305-345-7776

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Alex ZylberglaitMarcus & MillichapMore Info
305-345-7776

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.