Broward Health has purchased a Coral Springs, Florida medical office building (MOB) for $11 million. The property last traded ownership for $5.8 million in 2018, so it has nearly doubled in value, reflecting the strong demand for medical office space in Broward County.
The property is a 40,926-square-foot MOB located north of Broward Health Coral Springs. The five-story building was constructed on the 1.34-acre site in 1974.
Broward Health is a public, non-profit health system operating more than 30 healthcare facilities. With more than 7,590 employees, Broward Health services all segments of the community through its four hospitals, a children’s hospital, seven primary care centers, four Family Health Places, eight school-based clinics, specialty care programs, home-health services, health education programs, free and low-cost screenings and business partnerships.
Eden Sample LLC, an entity managed by Gideon Harari in Miami, Florida, was listed as the seller in the transaction, according to property data firm Vizzda. Broward Health spokesperson Nina Levine said the building will continue to be used for medical office space. Broward Health already has its pediatric diabetes center in the building, and there are third-party medical tenants there as well.
This transaction follows Broward Health’s February 2024 announcement of its acquisition of a MOB in Pompano Beach, Florida for $6.98 million.
According to data captured in the LevinPro HC database, this transaction marks the 42nd MOB acquisition of 2024, as well as the ninth transaction announced in Florida. There were 194 MOB transactions announced during 2023, and 215 announced during 2022.
