Office Building In Miami’s Health District Sells

Ana Teresa Rodriguez, CEO of ATR Luxury Homes Group at Coldwell Banker Realty, represented the buyer in the $5.4 million acquisition of a five-story office building located at 1390 NW 14th Avenue in Miami’s Health District. The sale price equates to approximately $370 per square foot.

The sale closed June 23.

The buyer, 1390 NW 14th Avenue LLC, is a Florida-based entity affiliated with Luis García, CEO of Adonel Concrete. The seller was American Business Continuity Domes, Inc.

Originally built in 1961, the 17,322-square-foot building offers 14,564 square feet of leasable area and is zoned T6-12-O, offering redevelopment flexibility and long-term upside potential. Currently 100 percent leased to long-term tenants, the property offers immediate income and strong fundamentals.

Positioned in the heart of Miami’s Health District, the building is located just steps from Jackson Memorial Hospital, the University of Miami Medical Campus, and the Miami-Dade County Courthouse. It also next to River Landing Shops & Residences, a mixed-use development that continues to drive foot traffic and revitalization in the area.

“This acquisition reflects the buyer’s confidence in Miami’s Health District as a long-term growth corridor,” said Rodriguez. “We’re proud to have secured this income-producing asset with a potential for redevelopment on behalf of our client and look forward to the continued transformation of the Health District.”

This purchase emphasizes Miami’s Health District’s appeal as a promising center for institutional, medical and professional expansion. The area’s proximity to major hospitals and civic institutions, combined with its zoning allowances and development momentum, continues to attract seasoned investors.