South Florida Business Journal: Miami-Dade office complex bought for $11M
An office complex in the Westchester area of Miami-Dade County was bought for $11 million, or $182 a square foot, by affiliates of IMC Property Management.
AdrianBuilders at Coral Way, a Miami-based company led by Alvaro Adrian, sold the four office buildings at 2760 S.W. 97th Ave. to MYA Properties, with a 72 percent interest, and Coral Way 24 LLC, with a 28 percent interest. The companies are managed by Yoram Izhak and Alan Lipton, respectively, both executives of North Miami-based IMC.
The company is an active purchaser of commercial properties across Florida.
AdrianBuilders developed the 60,278-square-foot office complex on 4.5 acres in 2001.
IMC Director of Acquisitions Carlos Segrera said the property has 54,000 square feet of leasable space and is 85 percent occupied.