East End Capital, GreenOak Real Estate Offload South Beach Office Building
The 137,579-square-foot property offers 243 parking spots, 46,000 square feet for offices and 22,000 square feet of street-level retail, most of which is leased to CVS.
The 137,579-square-foot property offers 243 parking spots, 46,000 square feet for offices and 22,000 square feet of street-level retail, most of which is leased to CVS.
This transaction underscores a paradigm shift in rates and market fundamentals and sets a new bar for the Miami office market.
The leases total 22,000 square feet.
The purchase price of the 310,000-square-foot office building equates to about $271 per square foot. CLICK ON THE HEADLINE FOR MORE
A New York-based investor purchased the site in a deal that looks like a relative bargain based on recent prices. CLICK ON THE HEADLINE FOR MORE
New York’s East End Capital paid $23.5 million for the property – a new record for the area. CLICK ON THE HEADLINE FOR MORE
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