Alex Zylberglait Of Marcus & Millichap Sells Citi Centre Office Building For $10.2M

The sale involves an office asset located at 290 Northwest 165th Street in North Miami Beach. The property encompasses 46,324 square feet and is situated on 1.54 acres. The transaction was concluded at a price of $10,200,000, translating to a price per square foot of $220.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $10,200,000
• Building Area: 46,324 SF
• Address: 290 Northwest 165th Street
• Market: North Miami Beach
• Acres: 1.54
• PPSF: $220

Alex Zylberglait of Marcus & Millichap represented the seller in the transaction and facilitated the procurement of a local private buyer. The property, known as Citi Centre, features 26 suites and was originally built in 1986, with renovations completed in 2022. It is located near significant landmarks such as the Golden Glades Interchange and Jackson North Medical Center, presenting opportunities for value-add through increased occupancy and rents.