Isabel Fine, principal at Coral Gables-based Real Miami Commercial Real Estate, represented both the buyer and the seller in the sale of a 37,134-square-foot building, situated on a 21,244-square foot parcel, located at 4950 SW 8th Street in Coral Gables.
The Buyer, GDJARD Investment LLC, purchased the property for $5,100,000 from 4950 SW EIGHTH LLC.
The deal closed on March 31.
Preferred Medical Partners previously utilized the 1985-built, three-story medical office building as its headquarters. The building was vacant at the time of the sale.
The property is located 3 miles south of the Miami International Airport, and approximately 5 miles southwest of Downtown Miami (CBD) and the Brickell Avenue Financial District. It offers prime commercial frontage on SW 8th Street – double corner frontage on 2 sides streets – and approximately 100 parking spaces.
From its offices at 1450 Madruga Avenue in Coral Gables, Real Miami Commercial assists owners, tenants and users with the purchase, lease, and sale of commercial property while providing each client with a high level of experience, service, discretion and commitment.
The principals have represented clients such as Macy’s, Church of Scientology, Prologis, Crescent Real Estate Equities, MDM Development, Equitable Real Estate, U.S. Century Bank, Traveler’s Insurance Company, Florida Community Bank, Atkins & Breskin, Empire Equities, and Aetna Realty.
Fine has earned the prestigious CCIM designation — one of the most highly sought after professional designations in commercial real estate. She also holds a degree in accounting and an MBA in finance from the University of Miami.