Hammes Partners Acquires Medical Office In Coral Springs For $15.38M

The medical office building located at 9750 Northwest 33rd Street in Coral Springs has been sold in a recent transaction. The property spans across 3.7 acres and is classified as a medical office space. It covers an area of 52,748 square feet and is situated in a strategic location near a busy public hospital. The property's address is 9750 Northwest 33rd Street in Coral Springs.

Summary of transaction details

• Property Type: Medical Office
• Transaction Amount: $15,380,000
• Market: Coral Springs
• Total Acres: 3.7
• Buyer: Hammes Partners - Jon Hammes
• Seller: The Central Medical Plaza Co-Ownership Trust - Gary V. Caplan
• Date: 12/25/2023
• Square Footage: 52,748
• Price per Square Foot: $292

In this transaction, the buyer, Hammes Partners represented by Jon Hammes, acquired the medical office building from the seller, The Central Medical Plaza Co-Ownership Trust represented by Gary V. Caplan. The sale price for the property was $15,380,000, with a price per square foot of $292. Notably, this transaction reflects a substantial increase in value compared to its previous sale price of $4.79 million in 1991.

The property's prime location near a busy public hospital contributes significantly to its appreciation in value, making it an attractive investment opportunity.