Gateway Medical Plaza — Sale in Margate, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Margate, FL 33063
  • Year built: 2020

Investment Figures

Cap rate
6.30%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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 ?agship location. Investment Highlights: • Gateway Medical Plaza is a premier Class A medical office asset constructed in 2020, featuring state-of-the-art facilities and 31,243 square feet of rentable built area. • The property occupies a strategic position on the "Medical Mile," located just 0.6 miles from HCA Florida Northwest Hospital, ensuring a steady flow of patient referrals. • Investors benefit from a stable, long-term income stream secured by 94.6% occupancy rate and a weighted average lease term exceeding nine years.

Market Context

This office in Margate, FL is listed for sale. It is offered at an approximate 6.3% capitalization rate, a key benchmark for income-producing office assets. The building dates to 2020. It has been on the market for 100 days. Compare it against other office listings for sale in Margate, FL — view the full market.

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