X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MIAMI-A portfolio of four office buildings with a total of nearly 197,000 square feet, located in Miami-Dade and Broward Counties in South Florida, which are leased to the General Services Administration, were sold for $95.1 million on June 30th. The buyer was a newly-created fund formed for the purpose of acquiring and holding office buildings fully-occupied by the GSA called NGP Fund V LLC, based in McLean, Va.  The price per square foot for this portfolio was $483.

The buildings, which are LEED certified, were completed in 2008, and rented out to the United States Citizenship and Immigration Services, a division of the Department of Homeland Security, under 15-year leases. The properties are located in NW Miami-Dade County, where there is a 60,157 square foot building, the Kendall section of Miami-Dade County where there is a 45,911 square-foot-building and the city of Hialeah, which has a 41,064-square foot building. In Broward County near Ft. Lauderdale, in the city of Oakland Park,  there is an immigration services building with nearly 28,667 square feet.    

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.