SUN CITY CENTER, Fla., May 6, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Sunhill Medical Arts Building, a 26,796-square foot office building located in Sun City Center, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $2,100,000.
Moe Derbala, an associate in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor. Derbala also represented the institutional buyer, HCA (Hospital Corporation of America), based in Nashville, Tennessee.
Built in 1983, Sunhill Medical Arts Building is located at 4020 Sun City Center Boulevard in Sun City Center, Fla. This is a Class “B” medical office building located adjacent to South Bay Hospital in the heart of Sun City Center.
Sunhill Medical Arts Building is part of a three property portfolio that includes Cypress Park Center and South Bay Medical Arts building, both of which are in the immediate area.
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About Marcus & Millichap (NYSE: MMI)
With over 1,300 investment 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 over 6,600 transactions in 2013 with a value of approximately $24 billion. The company 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