Triarch Capital Group Sells Fort Lauderdale MOB

Plantation Medical Office Park. Image courtesy of Avison Young

Manage Solution has acquired Plantation Medical Office Park, a 63,319-square-foot medical office facility in Plantation, Fla. Triarch Capital Group sold the Class B asset for $15.5 million.

The property previously traded in 2019, when Triarch Capital Group purchased the facility from The Kislak Organization for $11.3 million. The asset was also subject to a $7.4 million loan that same year, provided by BankUnited, with a maturity date set for 2029, CommercialEdge data shows.

Avison Young Principals John Crotty, David Duckworth, Michael Fay and Brian de la Fé represented the seller in the current transaction.

Originally completed in 1987, the property underwent cosmetic renovations in 2018. The six-building campus sits on 7.8 acres and offers 416 car parking spaces at a ratio of 6.8 spaces per 1,000 square feet, along with controlled access. The site has additional development potential for a two-story building of approximately 22,000 square feet. The campus was 98 percent occupied at the time of the sale. The tenant roster includes American Access Care, Dickens Sanomi Academy and the Non-Surgical Center for Physical & Sports Medicine.

Located at 6710-6834 W. Sunrise Blvd., the campus is 8 miles from downtown Fort Lauderdale. Westside Regional Medical Center, a 250-bed full-service hospital, is within 3 miles from the property. Other medical providers in the surrounding area include Florida Medical Center, Sanitas Medical Center and Conviva Care Center, among others.

Over a six month period ending in June, seven medical office buildings changed hands in the Fort Lauderdale market, totaling approximately 200,000 square feet, according to CommercialEdge data.