Oct
25
Miami Commercial Campus Trades for $12M
ByThe new owner plans to optimize the office asset for medical use.
Bent Tree Commercial Center, 13926 SW 47th St., Miami, Fla.
Miami—Marcus & Millichap‘s Institutional Property Advisors division recently negotiated the sale of Bent Tree Commercial Center, a 52,664-square-foot commercial campus located at 13926 SW. 47th St. in Miami. Built in 1999, the property is situated on 5.5 acres and traded for $11.5 million.
According to Yardi Matrix, the seller was Innovative Development Group, which bought the property at the end of 2015 from Mattia College. The buyer remains undisclosed. Marcus & Millichap Senior Vice President & IPA Senior Director Douglas Mandel, together with Marcus & Millichap Vice President of Investments & IPA Director Benjamin Silver represented the seller in the transaction, which closed Oct. 14…
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