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| Dadeland Executive Center, 9700 South Dixie Highway, south Miami, FL |
MIAMI, FL, September 30, 2013 – Marcus & Millichap Real
Estate Investment Services, the nation’s largest real estate investment
services firm, has announced the sale of Dadeland Executive Center, a
68,142-square foot office property located in Miami, FL. The asset sold for
$7,800,000.
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| Alex D. Zylberglait |
Alex D. Zylberglait, a Vice President Investments in
Marcus & Millichap’s Miami office, had the exclusive listing to market the
property on behalf of the seller, a private investor from Miami, FL. Zylberglait also secured and represented the
buyer, an operator from Coral Gables.
“This deal represented a tremendous opportunity for an
investor to modernize the asset and raise rental incomes significantly through
higher occupancy as well as through lease renewals.
"The building also offers
potential corporate users an ability to secure space, including a 9,500-square
foot penthouse with outstanding building signage visibility,” says Zylberglait.
Dadeland Executive Center is an 11-story, Class-B office
building anchored by AT&T. The building, which at the point of sale was 71%
occupied, also houses a variety of tenants who provide legal, accounting and
other professional services.
The property is situated off the intersection of South Dixie
Highway (US1) and the Palmetto Expressway (SR 826) in the downtown
Kendall/Dadeland area. Dadeland Executive Center is located at 9700 South
Dixie Highway in Miami, FL.
For a complete copy of the company’s news release, please
contact:
Kirk A. Felici
First Vice President
Regional Manager
Miami, FL
(786) 522-7000
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