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In The Market To Purchase A Brickell Office Building? Be Prepared To Cough Up $777 PSF

August 27, 2014

Some would consider it priceless, but a half-acre parcel of land, adjacent to the $1.05-billion Brickell CityCentre mixed-use development project, has been put on the market for sale with an asking price of $35 million.

Marcus & Millichap reports that the property at 90 SW 8th St., across the street from the Brickell CityCentre site, features a three-story, 45,000-square-foot commercial office building built in 1971.

Alex D. Zylberglait, a first vice president investments with Marcus & Millichap’s Miami office, has the exclusive listing to market the property on behalf of the seller, a Miami-based private investor.

“The opportunity to acquire 90 SW 8th St. will allow an investor to take control of an approximate half-acre of land in the epicenter of the city’s booming financial district,” Zylberglait says. “With the large-scale CityCentre project to be completed in 2015, thousands of jobs will be brought to the area, creating an urban environment that will further energize the area as a destination where people live, work and play.”

 

Source:  GlobeSt.

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