MG3 REIT Acquires Office In Doral For $96M With CBRE As The Broker

8400 NW 36th St in Doral has been sold in a recent transaction. The property, which is an office asset, was sold for a price of $96,000,000. The sale took place on July 13, 2021. The total square footage of the property is 240,669, resulting in a price per square foot of $399. The buyer of the property was MG3 REIT, represented by Hernan Leonoff, Marcelo Saiegh, and Gustavo Bogomolni. The seller in this transaction was DRA Advisors LLC. The deal was facilitated by broker Christian Lee, Amy Julian, Andrew Chilgren, Gordon Messinger, and José Lobón from CBRE.

Summary of transation details

• Property Type: Office
• Transaction Amount: $96,000,000
• Address: 8400 NW 36th St, Doral
• Market: Doral
• Buyer: MG3 REIT - Hernan Leonoff, Marcelo Saiegh, and Gustavo Bogomolni
• Seller: DRA Advisors LLC
• Broker: Christian Lee, Amy Julian, Andrew Chilgren, Gordon Messinger, and José Lobón - CBRE
• Square Footage: 240,669
• Price Per Square Foot: $399

Christian Lee, Amy Julian, Andrew Chilgren, Gordon Messinger, and José Lobón from CBRE played a key role in facilitating this transaction. They worked as brokers representing MG3 REIT in the deal. The collaboration between the buyer's representatives and the seller, DRA Advisors LLC, resulted in the successful sale of the office property at 8400 NW 36th St.