Sunday, December 7, 2014

Marcus & Millichap Brokers Sale of Buffalo Medical Center in Tampa, FL for $490,000


Buffalo Medical Center, 508 West Drive
Martin Luther King Junior Boulevard, Tampa, FL

TAMPA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Buffalo Medical Center, a 5,600-square foot office property located in Tampa, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. 

The asset sold for $490,000.

Luis Baez, senior associate and L.J. Tsunis, associate, both in Marcus & Millichap’s Tampa office, represented the local seller, a partnership.  The buyer was represented by an outside broker.

L.J. Tsunis
Buffalo Medical Center is located at 508 West Dr. Martin Luther King Jr. Boulevard in Tampa, Fla.  This is a three-suite medical office building located in the Westshore submarket of Tampa in close proximity to two hospitals.  

The property was built in 1989 and is situated on approximately 0.32 acres of land on one of the busiest streets in Tampa.

“Demand for medical offices is at an all-time high, says Tsunis.  “We were able to procure multiple-offers and drive the value of the building for the seller.”


 For a complete copy of the company’s news release, please contact:
                                                         
Richard D. Matricaria
Vice President/Regional Manager
Tampa, FL
(813) 387-4700

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