The 25th Street Executive Building, located at 9300 NW 25th Street, Doral, FL, has just sold for $3.875 million. Marcus & Millichap’s Senior Managing Director of Investments Alex Zylberglait brokered the deal on behalf of 9300 Forza Real Estate Holdings LLC. NP Shopping Center Property LLC purchased the property, which has 26,300 rentable square feet.
The two-story office building, built in 1987, is 63 percent occupied and currently has a mix of professional tenants.
"The sale is a testament to the strength of the market and the conviction that a well-located asset in a good market will attract buyers that are willing to take on the leasing risk," said Zylberglait. "This transaction is part of a larger trend of investors seeking out value add properties in strategic neighborhoods like Doral."