Madison Marquette Acquires Coconut Grove Office For $47.4M

The office building located at 3225 Aviation Avenue and 3250 Mary Street in Coconut Grove, Miami, was recently sold in a transaction that took place on December 18, 2019. The property, spanning approximately 135,000 square feet, was acquired by Madison Marquette from Allegra Holding for a total price of $47,400,000. This equates to a price per square foot of $351.11. The sale was facilitated by brokers Jose Sasson and Roberto Susi from Axiom Capital.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $47,400,000
• Address: 3225 Aviation Avenue & 3250 Mary Street
• Market: Coconut Grove

Jose Sasson and Roberto Susi, representing Axiom Capital, played key roles in facilitating this transaction. Madison Marquette acted as the buyer, while Allegra Holding served as the seller. The property offers an attractive investment opportunity in the office segment, adding value to Madison Marquette's portfolio.