In addition to the Edenderry Properties' deals, a local private investor acquired the Centennial Interiors Building, a 27,80-square-foot flex building located at 1400 NW 36th St. from the seller for $3.9 million in May 2019.

The three properties are located within blocks from each other along NW 36th Street, a main east-west artery that connects to trendy neighborhoods like Wynwood to the east and Miami International Airport and Doral to the west. The location also provides great public transit connectivity throughout Miami via the Metrorail and Metrobus stops within walking distance, Cushman & Wakefield states.

“Allapattah is an emerging urban neighborhood with a central infill location, unique economic drivers and exceptional public transit access that clearly position it within the path of development. Offering relative value compared to other more established neighborhoods like Wynwood, Allapattah continues to experience a flurry of investment activity from investors looking to stake their claim early,” C&W's Alcivar says. “Bank of America Center's location within an Opportunity Zone made it particularly appealing, as it offered an opportunity for an investor to take advantage of future tax savings by adhering to the program's guidelines.”