The Real Deal Miami

Univision wants $12.75M for its old Doral offices

Company moved to new Doral offices last year

April 19, 2016 12:00PM

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1900 Northwest 89th Place

1900 Northwest 89th Place

Spanish media giant Univision has placed its Telefutura program’s former Doral offices on the market with an asking price of $12.75 million.

The listing, announced by brokerage Avison Young, covers Univision’s old two-story building at 1900 Northwest 89th Place, from which the media company recently moved.

With 79,271 square feet of offices, Univision’s asking price for the 1980s-era property and its separate parking lot breaks down to about $160 per foot. County records show the company paid $5.25 million for the building in 2001 — roughly $66 per square foot — plus the 1.84-acre parking lot across the street.

A year later, Univision launched its Telefutura programming out of those offices, featuring treasures like “Escándalo TV,” a talk show all about celebrity gossip and news. The programming was later rebranded as UniMas before Univision’s office move.

John K. Crotty and Michael T. Fay of Avison Young are handling the listing. The listing announcement said the asking price was reduced, but Avison Young declined to say by how much.

Because the building is already outfitted with broadcast infrastructure, it would be a good fit for another media or broadcast company, according to the announcement. Other possibilities include a corporate headquarters, medical offices or an investor who wants to subdivide the space for multiple tenants.

In October, Univision signed a 12-year agreement valued at $14 million for 40,000 square feet of space at the 9250 Doral building. As The Real Deal previously reported, the move was an expansion of Univision’s existing offices across the street. — Sean Stewart-Muniz