Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 5950 Building, a 41,070-square foot office property located in Lauderhill, FL, according to Scott Lunine, Regional Manager of the firm’s Miami office. The asset sold for $3,625,000.

Alex D. Zylberglait and Michael Crocchiola, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

This property provides tremendous upside potential to the new owner who will be using the building for medical services. With ample parking and great access to high density residential areas, the building is well suited to serve the local and regional population.

5950 Building is located at 5950 W Oakland Park Blvd in Lauderhill, FL. Built in 1980 with over 41,000 square feet, the building already houses multiple tenants in the medical industry and has undergone multiple upgrades including solar panels on the roof.

About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,726 transactions in 2019 with a value of approximately $50 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.