Franklin Street 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.
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. 23rd.
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.