(Where are office vacancies the tightest? Find out.)

The office property is situated on US 1 (South Dixie Highway), one of South Florida's main arterials, granting tenants and visitors alike exceptional access to virtually all areas of South Florida. Additionally, the property abuts the Palmetto Expressway on-ramp, another main arterial that connects with the Dolphin Expressway, Interstate 95 and Florida's Turnpike, all within a 15-minute drive of the property.

(Here's how your office space can become a competitive advantage for your company.)

“The buyer's planned renovation of the common areas will be well received by tenants, allowing new ownership to push rates within the tight Downtown Dadeland office micro-market,” says Lobón. CBRE vice president Amy Julian arranged the financing. The CBRE South Florida Capital Markets team representing the seller also included financial analysts Marcos Minaya and Andrew Chilgren. Stuart Kapp, a partner with Kapp Morrison LLP, was legal counsel to the seller in the transaction.

“The loan with BankUnited will provide additional funding for the planned capital improvements, which include a lobby renovation, elevator modernization and common area upgrades,” says Julian. “These enhancements combined with Banyan's commitment to the property will undoubtedly strengthen 9350 Financial Centre's position in the market.”

MIAMI—9350 Financial Centre, a 105,713-square-foot class A office building with a six-story integrated structured parking garage, has traded hands. CBRE arranged the sale and acquisition financing the asset in Miami.

Delma Properties sold the office building to Banyan Street Capital, who acquired the property for $33 million. CBRE also arranged seven-year financing with BankUnited on behalf of Banyan.

CBRE vice chairman Christian Lee oversaw the transactions alongside senior vice president José Lobón on the sale effort. 9350 Financial Centre is located within the Dadeland neighborhood, which is the central business district of Kendall.

“In 2016, the Metrorail registered 21.5 million trips—that is a 60% increase in ridership since 2000,” Lee tells GlobeSt.com. “9350 Financial Centre's proximity to one of the busiest stations on this mass transit system benefits the property tremendously. Just as the property benefits from this connectivity, so does the greater Downtown Dadeland submarket, which has seen an explosion of new multi-family and retail development.”

(Where are office vacancies the tightest? Find out.)

The office property is situated on US 1 (South Dixie Highway), one of South Florida's main arterials, granting tenants and visitors alike exceptional access to virtually all areas of South Florida. Additionally, the property abuts the Palmetto Expressway on-ramp, another main arterial that connects with the Dolphin Expressway, Interstate 95 and Florida's Turnpike, all within a 15-minute drive of the property.

(Here's how your office space can become a competitive advantage for your company.)

“The buyer's planned renovation of the common areas will be well received by tenants, allowing new ownership to push rates within the tight Downtown Dadeland office micro-market,” says Lobón. CBRE vice president Amy Julian arranged the financing. The CBRE South Florida Capital Markets team representing the seller also included financial analysts Marcos Minaya and Andrew Chilgren. Stuart Kapp, a partner with Kapp Morrison LLP, was legal counsel to the seller in the transaction.

“The loan with BankUnited will provide additional funding for the planned capital improvements, which include a lobby renovation, elevator modernization and common area upgrades,” says Julian. “These enhancements combined with Banyan's commitment to the property will undoubtedly strengthen 9350 Financial Centre's position in the market.”