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South Florida’s largest office sales in October
The biggest sale was Atrium at Broken Sound for $22.4M
Atrium at Broken Sound – Alchemy-ABR Investment Partners | $22.4M
South Florida’s largest office deal in October was the $22.4 million purchase by a partnership between Alchemy-ABR Investment Partners and Breakers Capital Partners of an office building within Boca Raton’s 700-acre Park of Broken Sound.
ICM Realty Group sold the 92,260-square-foot office building for about $243 per square foot. The property previously traded for $17.05 million in 2016.
Atrium at Broken Sound, built in 1986, was the former headquarters of Rexall Sundown.
300 Sevilla Avenue – Robert Brockway | $10.9M
The second largest office sale of the month was Bob Brockway’s $10.9 million purchase of a building directly across the street from his Mercedes-Benz of Coral Gables dealership.
A company led by architect F. Michael Steffens and Marjorie Goldman sold the 36,600-square-foot, three-story office building at 300 Sevilla Avenue. The deal breaks down to about $300 per square foot.
South Miami Medical Arts Building – Estate Investments Group | $5.8M
Estate Investments Group purchased the South Miami Medical Arts building in South Miami for $5.8 million.
The 21,455-square-foot property at 6201 Southwest 70th Street traded hands for about $270 per square foot. The seller, 6201 of Miami LLC, is tied to the construction engineering company Munilla Construction Management.
The four-story building was completed in 1972, records show.
5297 West Copans Road – Centers Health Care | $5.5M
Centers Health Care bought a nearly 33,000-square-foot, single-story office building with lake views in Margate for $5.5 million.
The seller, Northwest Broward Development LLC, is led by attorney Leigh Katzman. The property at 5297 Copans Road previously sold for $3.2 million in 2010.
Sunrise Medical Park – Marc Gordon | $5M
Sunrise Medical Park, a medical office complex consisting of five, one-story buildings, sold for $5 million to Flamingo Medical Office LLC, led by Marc Gordon.
The seller is a company tied to Levy Realty Advisors. The property at 8391-8399 West Oakland Park Boulevard last sold for $3.2 million in 2011. Tenants include Holy Cross and Tenet Hospital Groups.