MIAMI—South Florida continues to attract healthcare real estate developers. Future Properties just snapped up land in Aventura with plans to build a medical office building.
"The parcel's prime location two blocks north of Aventura Hospital and Medical Center generated a lot of interest,” says Colliers International South Florida executive vice president John K. Crotty, who represented the undisclosed seller. “The Aventura submarket is tight and the area's demographics favor new development.”
The buyer paid $3.7 million in an all-cash transaction for the 70,500-square foot parcel zoned C2. The land is located at 2800 NE 214th Street, Aventura, FL.
“Given the market's recent improvement, the owner was motivated,” Crotty says. “We were able to achieve aggressive pricing with the buyer, who is positioned to do well with his planned medical office development.”
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