NAI Miami | Fort Lauderdale Represents Interval Buyer, LLC In Acquisition For Future Class A Medical Office Development In Kendall
Upon completion of the MOB, NAI Miami | Fort Lauderdale will serve as the exclusive leasing representative.
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Upon completion of the MOB, NAI Miami | Fort Lauderdale will serve as the exclusive leasing representative.
The campus contains roughly 338,000 square feet of industrial and office space across approximately 10 buildings. The transaction equates to approximately $293 per square foot.
The acquisition includes the iconic five-story, 35,455-square-foot landmark building located at 100 NE 1st Avenue, as well as an adjacent 15,000-square-foot vacant lot.
The retail strip totals 30,250 square feet on a 3.74-acre lot.
The national construction firm will occupy the top floor of the four-story building.
Coast Logistics will replace a former real estate education facility on North Hiatus Road.
The $32 million transaction closed quickly as an all-cash 1031 exchange acquisition, trading at a record price per unit for the submarket and a cap rate below 5 percent.
Alphabet has expanded its presence at 1450 Brickell Avenue from approximately 10,000 square feet to 45,000 square feet, adding another major technology company commitment to Miami’s office market.
The Sunrise deal adds to a series of major industrial transactions completed across Broward County so far in 2026. By late June, industrial sales volume in the county had surpassed $1 billion, reflecting continued investor demand for logistics and warehouse assets throughout the region.
The Cove will rise on the site of a former hotel property, delivering 376 residential units in an eight-story building with structured parking.
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