The Real Deal Miami

Building across from City Centre goes up for sale

Brickell office property being marketed as development play
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