MIAMI—The Celis Building, a 63,634-square-foot office asset in Hialeah, FL, has a new owner. The office building sold for $7.15 million.
Alex D. Zylberglait, a vice president of Investments in Marcus & Millichap‘s Miami office, had the exclusive listing to market the property on behalf of the seller, a private investor from Hialeah, FL. Douglas K. Mandel, a first vice president of Investments, and Benjamin H. Silver, a senior associate, along with senior associate Jonathan Gerszberg, represented the buyer, a limited liability company from North Miami.
“We received a tremendous amount of interest from the investor community due to the property’s location off Palm Mile in Hialeah, and its stellar condition,” says Zylberglait. “The property is well known due to its iconic appearance, a colorful paint work of artist Perez-Celis, after whom the building was named.”
Located at 1275 West 47th Place, the Celis Building offers about 60,000 square feet of new office space and 3,600 square feet of mini-storage facilities. The building recently underwent a gut renovation. All tenant spaces have wood flooring.
The property is on 47th Place and West 12th Avenue, next door to Gus Machado Ford and half a block from 49th Street, the main east-west corridor in Hialeah.
The office building offers onsite parking—much of it covered—and has two passenger and one cargo elevators that have been fully renovated.