Two office-retail buildings in South Miami have sold at the submarket's highest price per square foot. Both brokered by Avison Young's Florida Capital Markets group, the sales continue a trend seen since the beginning of the year in South Miami
Avison Young Principals Michael T. Fay, John K. Crotty,David Duckworth, Brian C. de la Fé, Emily Brais and Berkley Bloodworth completed the two transactions.
One was Sunset One, a 9,674-square-foot retail and office building at 5875 Sunset Drive in South Miami, which sold for $515 per square foot. The property has a diverse mix of professional office and retail clients. Avison Young represented the seller, Robert Berrin of Capital Realty Services, Inc., in the disposition to 5875 Sunset Group LLC, a local private family office.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
