Marcus & Millichap Arranges Sale of Net-Leased Dental Office in Cape Coral, Florida

CAPE CORAL, Fla., Oct. 6, 2025 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Heartland Dental, a 3,918-square-foot net-leased dental office in Cape Coral, Florida. The property sold for $3.1 million.

"Medical office remains one of the most resilient and attractive net-lease segments," said Don McMinn, Senior Managing Director, Investments. "This deal highlights the momentum we're seeing as rate cuts drive stronger buyer confidence, higher transaction volume and greater investor demand."

McMinn and Marcus & Millichap's Andrew Koriwchak represented the seller, a Florida-based developer, in association with Ryan Nee, the firm's broker of record in Florida.

Located at 1621 Cape Coral Parkway W., the property was built in 2005 and renovated in 2021. It is leased to Heartland Dental under a new 10-year absolute triple-net lease. The site sits on a 1.12-acre parcel across from a Publix-anchored shopping center and is near major new development, including the $100 million Bimini Square mixed-use project with apartments, medical facilities, and retail.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.