{"id":1004204600,"date":"2018-01-23T08:20:25","date_gmt":"2018-01-23T16:20:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004204600"},"modified":"2022-12-07T13:16:34","modified_gmt":"2022-12-07T21:16:34","slug":"svf-snags-23m-miami-area-flex-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/svf-snags-23m-miami-area-flex-campus\/","title":{"rendered":"SVF Snags $23M Miami-Area Flex Campus"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004204616\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/1516556878_Transal-Park-Aerial.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004204616\" data-attachment-id=\"1004204616\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/svf-snags-23m-miami-area-flex-campus\/1516556878_transal-park-aerial\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/1516556878_Transal-Park-Aerial.jpg\" data-orig-size=\"400,310\" 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;1&quot;}\" data-image-title=\"Transal Park aerial\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Transal Park aerial&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/1516556878_Transal-Park-Aerial.jpg?w=400\" class=\"wp-image-1004204616 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/1516556878_Transal-Park-Aerial.jpg\" alt=\"Transal Park aerial\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/1516556878_Transal-Park-Aerial.jpg 400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/1516556878_Transal-Park-Aerial.jpg?resize=300,233 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004204616\" class=\"wp-caption-text\">Transal Park aerial<\/p><\/div>\n<p>Cushman &amp; Wakefield has negotiated the sale of a six-building flex campus in Miami-Dade County, on behalf of the seller. SVF Acquisitions LLC bought the property for $22.8 million.\u00a0<\/p>\n<p>Situated on 10.4 acres at 8200-8290 NW 27th St. in Doral, Fla., the 88 percent occupied\u00a0Transal Park comprises 134,175 square feet across the six one-story buildings. The assets feature flexible bays with a combination of direct-access front office and rear warehouse with grade-level entries to truck courts. Additional features include tenant signage, a restaurant, on-site security and a parking ratio of 3.6 spaces per 1,000 rentable square feet. Notable tenants include United States Medical, Office Bargain Center, Miami Vet Center, South Florida Health Management, Encore Optical and Doral Digital Reprographics. The campus is within close proximity to the Palmetto Expressway and Miami International Airport.\u00a0<\/p>\n<p>The Cushman &amp; Wakefield Capital Markets team of Mike Davis, Dominic Montazemi, Michael Lerner, Miguel Alcivar, Scott O&#8217;Donnell and Rick Brugge, in addition to leasing partners Gian Rodriguez and Wayne Ramoski, represented the seller.\u00a0<\/p>\n<p><em>\u201cTransal Park\u2019s central location, ease of access and highly functional bays have historically driven leasing activity among users seeking flexible office space with warehouse functionality as well as those seeking relative value vis-\u00e0-vis escalating traditional office rates,\u201d<\/em> said Alcivar, in a prepared statement. <em>\u201cThe combination of good in-place cash flow, short-term leases and a sizable 10.4-acre site with flexible zoning at a strategic corner in Doral, attracted tremendous interest from a range of buyers with varying investment strategies, including future redevelopment.\u201d<\/em><\/p>\n<p>Just last week, Cushman &amp; Wakefield represented Terra Group in the disposition\u00a0of\u00a0the grocery-anchored Doral Commons, a 140,000-square-foot<a href=\"https:\/\/www.commercialsearch.com\/news\/terra-sells-72m-miami-area-retail-center\/\"> retail center in Doral<\/a>, Fla., for $72 million.\u00a0<\/p>\n<p><em>Image courtesy of Cushman &amp; Wakefield\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Cushman &amp; Wakefield Capital Markets team, along with two leasing partners, negotiated the sale of Transal Park, a six-property campus that was 88 percent leased at the time of sale. <\/p>\n","protected":false},"author":746,"featured_media":1004204616,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,1492,21742,21747],"tags":[32799],"class_list":["post-1004204600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-miami","category-latest","category-office","tag-cushman-wakefield"],"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>SVF Snags $23M Miami-Area Flex Campus - 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\/svf-snags-23m-miami-area-flex-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SVF Snags $23M Miami-Area Flex Campus\" \/>\n<meta property=\"og:description\" content=\"The Cushman &amp; 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