The property involved in this transaction is an office building known as Bank of America Center, located at 1313 NW 36th St, Miami, FL, 33142. The building comprises 68,174 square feet and was sold for $7,700,000. At the time of the sale, the property was 88.8 percent leased, hosting tenants such as Bank of America and the Miami-Dade State Attorney’s office. It is also situated within an Opportunity Zone.

Summary of transaction details:

• Property Type: Office Building
• Transaction Amount: $7,700,000.00
• Address: 1313 NW 36th St, Miami, FL, 33142
• Market: Miami
• Square Footage: 68,174
• Seller's Representative: Dominic Montazemi, Frank Begrowicz - Cushman & Wakefield
• Buyer: Edenderry Properties LLC
• Buyer's Representative: Scott Sime - Sime Realty Corp.
• Seller: Unknown

Cushman & Wakefield represented the seller, an investment group affiliated with Golden Sands, in this transaction. This sale marks the third property that the investment group has sold within the same Opportunity Zone. Scott Sime of Sime Realty Corp. represented the buyer, Edenderry Properties LLC, which had previously acquired the Centennial Express Building located directly east of Bank of America Center in March 2018.