3251 N State Rd 7, Margate, FL 33063

Marcus and Millichap is proud to present Gateway Medical Plaza, a premier Class A medical office asset located at 3251 North State Road 7 in Margate, FL. This exceptional property offers 31,246 square feet of rentable built area, currently 94.6% occupied. Built in 2020, the facility features state-of-the-art construction and accommodates a specialized tenant mix, including a fertility clinic anchor that has invested over $5 million in improvements to establish a flagship location.

Strategically located just 0.6 miles from HCA Florida Northwest Hospital, this property benefits from a secure income stream with a weighted average lease term (WALT) exceeding 9 years. Offered at $15,100,000, the investment provides a 6.3% cap rate with clear value-add potential to achieve a 7% pro forma cap rate by leasing the remaining vacancy. The surrounding area supports this demand with a dense, aging population requiring consistent medical care.

Situated along the vital State Road 7 corridor, Gateway Medical Plaza offers easy access to the Florida Turnpike and Sawgrass Expressway, serving as a central healthcare destination for Northern Broward County. This prime location makes it an ideal investment for those seeking a stabilized, high-quality medical asset with recession-resistant fundamentals in a market with high barriers to entry.