Blanca Commercial Real Estate, MSP Group Announce Sale Of Former Intermex Headquarters

Blanca Commercial Real Estate and MSP Group LLC announced the successful sale of a ±32,218-square-foot office building located at 9480 S. Dixie Hwy in Miami’s Dadeland submarket.

The building was vacant at the time of the sale.

Cary Cohen and Sky Jones with Blanca Commercial Real Estate and Deme Mekras with MSP Group LLC represented the Seller, MIAMI HAR LLC, in the transaction.

BEC Realty Trust, led by Frank Espinosa, paid $9,200,000, the full asking price, marking a twenty-five percent increase in value. The Buyer was represented by Karen Garcia with Casa Bella Realty and Management.

“In today’s complex and dynamic real estate environment, the experience and professionalism of all parties allowed the transaction to occur without a hitch. We fully expect this to be another successful venture for BEC Construction Corp,” stated Cohen.

“The successful conclusion of this sale demonstrates several key points,” added Mekras. “First, cooperation and communication with buyers and sellers are critical throughout the deal. Second, the quality of the location and the asset itself play a major role in marketability. Finally, having experienced brokers representing you is essential, even in challenging market conditions for commercial real estate, especially the office sector.”

Built in 1994, the 4-story office building last sold in May 2014 for $7.4 million.