The property consists of six parcels with T6-36A-L zoning, which allows for the highest density and greatest variety of uses within Miami’s urban core, including 382,020 buildable square feet and a maximum height of 36 stories.
The three-property site includes a 6,454-square-foot building – with a mix of warehouse and office space – and a fully fenced, paved storage yard featuring three storage sheds and an additional covered mechanic area.
Sean Lutz, Dan Elliot, Matthew Mousavi and Patrick Luther of SRS represented the buyer, a Nevada-based private investor, in the 1031, all-cash transaction.
Here are the most popular news headlines this past week on CRE-sources.
Jake Freeman and Kevin Gonzalez direct leasing for the 300,000 square foot, twin tower project.
CBRE Executive Vice Presidents Larry Genet and Tom O’Loughlin represented the seller, New York-based Imperium Capital, in the transaction.
Yishai Sinai, Managing Broker with Biscayne Advisors, represented the buyer in the transaction. Berger Commercial Realty’s Brian Batchelder and Joseph P. Byrnes represented the seller.
Here are the most popular news headlines this past week on CRE-sources.
The seller paid $45 million for the 37.4-acre site in 2004.
The 188,389-square-foot property encompasses seven buildings and 29 tenants.