Aventura office property hits market asking $14.9M
Tenants at building include Northern Trust Bank, Lifespring Financial
May 21, 2014 12:45PMBy Francisco Alvarado
The Northern Trust Bank building near the Intracoastal Waterway in Aventura hit the market with an asking price of $14.9 million, The Real Deal has learned.
Located at 18901 Northeast 29th Avenue, the 23,746-square-foot office building’s other tenants include Lifespring Financial and Watermark Realty.
The seller, Gampel Aventura Properties, paid $2.5 million for the land in 2001 and constructed the building two years later. Gampel is represented by Alex Zylberglait, first vice president of investments at Marcus & Millichap.
“This is a unique situation because not too many office assets go on the market in Aventura,” Zylberglait told TRD. “It is a very exclusive opportunity.”
The sellers believe it is a good time to access their equity, Zylberglait said. The vacancy rate is at 3 percent and the building provides a 7 percent return, according to a Marcus & Millichap investment overview.
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Aventura的写字楼$ 14.9M租户建筑包括北方信托银行的Lifespring金融北方信托银行大厦附近的内陆水路在Aventura的打市场， 1490万美元的要价，真正的新政已经学会了。位于18901东北大道29号，在23,746平方英尺的办公楼的其他租户包括的Lifespring财政和水印地产。卖家，甘佩尔Aventura的属性，支付250万美元的土地在2001年，两年后建成的大楼。甘佩尔是由亚历克斯Zylberglait ，投资于马库斯＆ Millichap第一副总裁表示。“这是一个独特的情况，因为没有太多的办公资产进入市场，在Aventura的， ” Zylberglait告诉TRD 。 “这是一个非常独特的机会。 ”该卖家认为这是一个很好的时间来访问他们的权益， Zylberglait说。空置率在3％及建设提供了7 ％的回报，据马库斯＆ Millichap投资概述。
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