{"id":1004176988,"date":"2017-05-16T06:32:56","date_gmt":"2017-05-16T14:32:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004176988"},"modified":"2022-11-30T13:26:44","modified_gmt":"2022-11-30T21:26:44","slug":"miami-office-building-hits-the-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/miami-office-building-hits-the-market\/","title":{"rendered":"Miami Office Building Hits the Market"},"content":{"rendered":"<p>By Timea Papp<\/p>\n<div id=\"attachment_1004176991\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/tamiami-2.png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004176991\" data-attachment-id=\"1004176991\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/miami-office-building-hits-the-market\/tamiami-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/tamiami-2.png\" data-orig-size=\"649,492\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Tamiami Metro Office Building in Miami\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Tamiami Metro Office Building in Miami&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/tamiami-2.png?w=649\" loading=\"lazy\" class=\"wp-image-1004176991 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/tamiami-2.png\" alt=\"Tamiami Metro Office Building in Miami\" width=\"300\" height=\"227\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/tamiami-2.png 649w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/tamiami-2.png?resize=300,227 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004176991\" class=\"wp-caption-text\">Tamiami Metro Office Building in Miami<\/p><\/div>\n<p>Marcus and Millichap has been tapped to market the sale of Tamiami Metro Office Building, a two-story, 39,069-square-foot office asset in Miami. Alex Zylberglait, senior managing director of investments, and Francisco Baserva, associate, will lead the <a href=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-markets-bbt-miami-hq\/\">marketing efforts<\/a> on behalf of seller Tamiami Metro LP, an affiliate of Miami-based Metro Consulting &amp; Management.<\/p>\n<p>Tamiami Metro Office Building was completed in 2007, but the property was foreclosed before the build-out of the interior was finished. Tamiami Metro LP acquired the building in 2013 for $3.2 million and completed the build-out in 2014. Since then, the owner managed to stabilize, lease out the property and put it on the market with a current asking price of $8.3 million.<\/p>\n<p>Located on a 2.13-acre site at 13595 SW 134<sup>th<\/sup> Ave., Tamiami Metro Office Building features 143 parking spaces and is currently 100 percent occupied by a mix of tenants, mostly on long term leases. The interior boasts a combination of private offices with Class A finishes and open floor spacing, allowing for a range of uses. The location provides easy access to the Florida Turnpike and the Don Shula Expressway.<\/p>\n<p><em>\u201cThe increased demand for suburban office space and the lack of new inventory have pushed vacancy rates down from the mid-nine percent to the 7.9 percent in the Kendall submarket,\u201d<\/em> said Zylberglait in a prepared statement.\u00a0<em>\u201cArea rents have risen from about $26 per square foot, full service, to $35 per square foot,\u201d<\/em> he added.<\/p>\n<p><em>Image courtesy of Marcus &amp; Millichap<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The current owner acquired Tamiami Metro Office Building in 2013 for $3.2 million and has since brought the property to full occupancy.<\/p>\n","protected":false},"author":240,"featured_media":1004176991,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1492,21742,21747],"tags":[34836],"class_list":["post-1004176988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-miami","category-latest","category-office","tag-marcus-millichap"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Miami Office Building Hits the Market - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/miami-office-building-hits-the-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Miami Office Building Hits the Market\" \/>\n<meta property=\"og:description\" content=\"The current owner acquired Tamiami Metro Office Building in 2013 for $3.2 million and has since brought the property to full occupancy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/miami-office-building-hits-the-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-16T14:32:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-30T21:26:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/tamiami-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"649\" \/>\n\t<meta property=\"og:image:height\" content=\"492\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Timea-Erika Papp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/miami-office-building-hits-the-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/miami-office-building-hits-the-market\\\/\"},\"author\":{\"name\":\"Timea-Erika Papp\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/f58a713dcbdcb5aab2648af2aa04d6ae\"},\"headline\":\"Miami Office Building Hits the Market\",\"datePublished\":\"2017-05-16T14:32:56+00:00\",\"dateModified\":\"2022-11-30T21:26:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/miami-office-building-hits-the-market\\\/\"},\"wordCount\":258,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/miami-office-building-hits-the-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/05\\\/tamiami-2.png\",\"keywords\":[\"Marcus &amp; 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