Sergio Rok company sells two downtown buildings

Sergio Rok
Sergio Rok

Downtown Miami’s largest commercial property owner shed two of his retail buildings in the area for $11.5 million, The Real Deal has learned.

A company managed by Sergio Rok sold the 41 East Flagler Street and 62 Northeast First Street buildings on Tuesday, according to Miami-Dade County records. Flag 41, a Miami company managed by Mariano Saal, is the buyer. It did not obtain financing for the acquisition.

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Rok’s family has owned property in downtown Miami since the late 1970s. The 60,398-square-foot 41 East Flagler Street building was constructed in 1928. The 32,060-square-foot 62 Northeast First Street building is more than 100 years old.

Another Rok-managed company sold a Miami Beach mansion for $20.5 million last month.