UniVista Insurance Acquires Office Building In Miami For $47.5M

UniVista Insurance, represented by Ivan Herrera, has recently acquired an office property located at 850 NW 42nd Ave in Miami. The property, sold by Century Homebuilders Group, was purchased for a total price of $47,500,000. Spanning across 100,000 square feet, the office space was sold at a rate of $475 per square foot.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $47,500,000
• Address: 850 NW 42nd Ave, Miami
• Buyer: UniVista Insurance - Ivan Herrera
• Seller: Century Homebuilders Group
• Size: 100,000 square feet
• Price per square foot: $475

Ivan Herrera from UniVista Insurance played a key role in representing the buyer in this transaction. The involvement of Century Homebuilders Group as the seller further completes the deal. The acquisition of this office property marks an important milestone for UniVista Insurance and contributes to the ever-growing commercial real estate market in Miami.