Transactions: CNL pays $11.3 million for 78% occupied MOB next to hospital in Margate, Fla.

MARGATE, Fla. – In more news from CNL Healthcare Properties, the non-traded REIT recently paid $11.3 million for a multi-tenant, 45,565 square foot MOB in Margate, Fla., near Fort Lauderdale along the Atlantic Coast.

The REIT describes the Northwest Medical Park building, at 2801 N. State Road 7, as a “Class A” facility that is 78 percent occupied.

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