The medical office building is leased long-term to the University of Miami (UM) Hospital.
The property, which was 100% occupied, closed on May 12 for $11 million.
Northeastern investors continue to move their capital to the West Palm Beach office market.
Both buildings total 71,682 square feet and are situated on 2.62 acres of land.
Executive Managing Director Mark M. Rubin and Director Bastian Laggerbauer of Colliers | South Florida Investment Services Team represented the seller in the transaction.
Michael Feuerman, Steve Hyatt and Daniel Silver of Berger Commercial Realty represented the seller. Mark M. Rubin and Bastian Laggerbauer of Colliers | South Florida Investment Services Team represented the buyer.
The building is currently 97% occupied.
With the latest additions, Colliers International South Florida has now grown to 27 brokers. CLICK ON THE HEADLINE FOR MORE
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