October 24, 2023 – Alec Bashein and Tucker Impemba of Horvath & Tremblay have successfully completed the sale of the Offices at Palmetto Bay Village in Miami, Florida. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,850,000.
The multi-tenant office building is located at 9726 E Indigo Street in Miami, Florida. The three-story building has a gross leasable area of 7,920 square feet and a total gross area of 12,993 square feet. The concrete block building was constructed in 2007 and features an elevator, covered parking and an additional uncovered parking area on a 0.31-acre parcel. The office building will be delivered vacant, offering the next investor significant upside through aggressive management and the lease-up of the existing vacant units. The Property is extremely well located in the Palmetto Bay neighborhood of Miami. The Offices at Palmetto Bay are well positioned along E Indigo Street and are just seconds from S Dixie Highway (US Route 1), the area’s primary commercial and commuter corridor. The Property is 0.5-miles from SW 184th Street and offers convenient access to SR 994, SR 992, and the Ronald Reagan Turnpike. The Property is surrounded by densely populated residential neighborhoods providing a built-in employee base, and national and local retailers that drive traffic to the area. The village of Palmetto Bay has always been a first-choice community for raising families and building businesses. Palmetto Bay has established an enviable balance between quality living and quality growth, which is maintained through long-term planning, fiscal responsibility, community involvement, responsible leadership, respect for the environment, and strong public and private support for business development.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.