The Real Deal Miami

South Florida’s largest office sales in October

The biggest sale was Atrium at Broken Sound for $22.4M
By Amanda Rabines |
Research by Haru Coryne
November 21, 2018 11:30AM

Atrium at Broken Sound, 300 Sevilla Avenue and South Miami Medical Arts Building

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.