Cushman & Wakefield has arranged the $14.5 million sale of 50Forty on 7th, a midrise medical and professional office building located in Miami.
The nine-story office building offers 360-degree panoramic views and is strategically located along the densely populated NW 7th Street corridor just south of the recently rebranded Waterford Business District and Miami International Airport. The 82,689-square-foot building is 95% leased to three full-floor tenants.
Miguel Alcivar, Scott O’Donnell, Greg Miller, Dominic Montazemi, Mike Ciadella, Jason Hochman, and John O’Neil of Cushman & Wakefield represented the seller, Netz 50Forty LLC, in the transaction. The buyer was NE Capital Group BSD LLC.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
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