Located at 3601 North Miami Avenue in Miami, the site sits at the gateway of three of Miami’s three most dynamic, high-growth districts: Miami Design District, Midtown Miami, and Wynwood.
At $226 per square foot, the sale represents the highest price per square foot in Cypress Creek over the past decade.
The transactions include two retail and office buildings in South Miami.
Avison Young’s John K. Crotty, CCIM, Michael T. Fay, David Duckworth, Brian C. de la Fé, and Associates Emily Brais and Berkley Bloodworth closed the sale on behalf of the seller, Hersha Hospitality Trust.
The asset was the second of the seller’s 100% occupied, two-building portfolio to sell within three months, both sales totaling $17.2 million.
The asset totals 259,458 square feet on 14.31 acres in Broward County’s Cypress Creek submarket.
The pair of office buildings totals 96,674 square feet. CLICK ON THE HEADLINE FOR MORE
The property could be worth at least $12.1 million. CLICK ON THE HEADLINE FOR MORE
AY’s John K. Crotty, CCIM and Michael T. Fay successfully sold the property on behalf of the seller. CLICK ON THE HEADLINE FOR MORE
Upon completion, Metropica will encompass 65-acres and more than 4 million square feet of world-class residential, commercial, hotel, conference and public spaces. CLICK ON THE HEADLINE FOR MORE
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