The Real Deal Miami

Building across from City Centre goes up for sale

Brickell office property being marketed as development play

August 22, 2014 01:30PM

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90 Southwest Eighth Street

90 Southwest 8th Street

An office property across from the Brickell City Centre project is being marketed as a potential development play.

The owner of the 90 Southwest 8th Street site is seeking $35 million for the property, according to Thursday’s written announcement from Marcus & Millichap, which is marketing the land. A 45,000 square foot office building, which is dubbed the Brickell Way Building, was constructed on the half-acre parcel in 1971. The property last traded for $750,000 in 1993.

Miami-based 90 SW 8th St. Enterprises owns the parcel. State corporate records identify Jaime Brugos as the company’s president.

Alex Zylberglait, first vice president of investments in Marcus & Millichap’s Miami office, is handling the listing.

“The opportunity to acquire 90 SW 8th Street 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 said. “With the large-scale City Centre 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.” — Eric Kalis

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