ComReal Miami – Coral Gables, LLC brokers the sale of a two building office condominium portfolio located at Office in the Park
Coral Gables, FL – October 20, 2017 – ComReal Miami – Coral Gables, LLC recently handled the sale of two 100% leased office condominium portfolio within the “Office in the Park” offices condominium project located at 7355 – 7385 SW 87th Avenue, Miami, FL 33173 for Phaedra, LTD (Seller). The two buildings contain a combined square footage of 12,114 square feet. The property was purchased via a 1031 Exchange by Fontainebleau Executive Center Group (Buyer) for $2,700,000.
John Lonardo, CCIM of ComReal Miami – Coral Gables, LLC represented owner Phaedra, LTD in negotiating the sale with the purchaser.
Office in the Park is a four building complex nestled in a tropical oasis located within the bourgeoning Kendall/Dadeland submarket which has high demand for medical, legal and financial services providers. This property is centrally located between Downtown Dadeland and Baptist Hospital between SW 72nd Street/Sunset Drive and SW 88th Street/North Kendall Drive and one mile for Palmetto-SR 286 and SR 874h Expressway.
Since 1979, The ComReal Companies has been a leader in commercial real estate, specializing in asset management, leasing, property management, investment services, and tenant/ buyer representation. ComReal’s team of highly trained and distinguished professionals has earned the company its reputation for serving clients with a comprehensive range of services.
ComReal Miami – Coral Gables, LLC combines its expertise in the local marketplace with state of the art systems to find the very best business and economic opportunity for its clients. ComReal Miami – Coral Gables, LLC is located in the heart of Coral Gables’ vibrant business district at 51 Merrick Way, Coral Gables, FL 33134. ComReal’s Florida operations include offices in Coral Gables, Doral, and Ft. Lauderdale.
For more information on the Office in the Park transaction, please contact John Lonardo at 305-213-4050.