Nov
22
Banyan Grabs Miami Office Asset in $33M Deal
ByThe new owner plans to invest in capital improvements and modernize the property through a series of upgrades to the building lobby, elevator and common areas.
CBRE Capital Markets has brokered the sale of 9350 Financial Center, a Class A office building totaling 105,713 square feet in Kendall, Fla. Delma Properties sold the asset to Banyan Street Capital in a $33 million deal and BankUnited originated the seven-year acquisition financing that facilitated the transaction.
Located at 9350 S. Dixie Highway within the Dadeland neighborhood, the property was completed in 1989 and underwent renovations in 1993 and 1997. The office building features a six-story integrated parking garage and provides a mix of amenities including a storage facility, on-site banking, individual tenant HVAC controls and access to mass transit…
