WEST PALM BEACH, FL, Nov, 28, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Century Village Medical Office (top left photo), a 28,346 square foot medical office building, according to Gregory Matus, Vice President/Regional Manager of the Ft Lauderdale office.
Located within Century Village, an age-restricted community in West Palm Beach, Florida, the building sold for $7,100,000.
Douglas K. Mandel (middle right photo), a Vice President Investments in Marcus & Millichap’s Ft. Lauderdale office, represented the seller, a limited liability company from Boca Raton. The buyer, an investor from Pompano Beach, was also represented by Mandel.
“The property is located within Century Village, providing residents easy access to medical and pharmaceutical services,” says Mandel.
“Due to its unique location, the Century Village Medical Office will remain in high demand for physicians and related professionals. The complex has also undergone substantial renovation and expansion of two of the tenants, which include Walgreens, Tenet Healthcare and Comprehensive Home Health.”
Century Village is a gated, 55 and over community in West Palm Beach consisting of approximately 6,000 condominiums. The Century Village Medical Office building is located at 100-110 Century Boulevard.
Press Contact: Gregory Matus, Regional Manager / Vice President, Ft. Lauderdale, (954) 245-3400
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