$14.8 MILLION SINGLE-TENANT MEDICAL OFFICE BUILDING
SOLD BY MARCUS & MILLICHAP
FORT MYERS, Fla., March 25, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of the Orthopedic Medical Center in Fort Myers, Fla. The $14.8 million sales price equates to $377 per square foot.
Matthew Greenspon, associate vice president investments in the firm’s Raleigh, N.C. office, represented the seller, The Macsydney Co. LLC. The buyer is Rose Hill Fort Myers LLC. Kirk Felici, first vice president and regional manager in Miami, is Marcus & Millichap’s broker of record in Florida.
“The Orthopedic Medical Center is 100 percent triple-net-leased by Orthopedic Specialists of Southwest Florida (OSSWF), one of Florida’s premier orthopedic practices,” says Greenspon.
The Orthopedic Medical Center is located at 2531 Cleveland Ave. next to Lee Memorial Hospital in Fort Myers. The 39,281-square-foot building was built in 1981 on 2.8 acres.
About Marcus & Millichap (NYSE: MMI)
With nearly 1,500 investment professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 7,600 transactions in 2014 with a value of approximately $33.1 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com
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