The post first appeared on miamicrebrokers.com.
DWNTWN Realty Advisors recently closed an $8.095 million deal for the historic Coppertone Building, a mid-century gem at 7300 Biscayne Boulevard in Miami’s vibrant MiMo District. This office building sale adds to DWNTWN’s impressive record in Miami’s commercial real estate landscape, especially for landmark investment properties.
Miami Office Building Sale: Project Overview
- Location: 7300 Biscayne Boulevard, MiMo Historic District, Miami, FL
- Sale Price: $8.095 million
- Square Feet: 21,454 SF office and mixed-use space
- Buyer: Ideal Capital
- Seller: Greenstreet Partners
- Key Property Features:
- • Iconic mid-century architecture in Miami’s MiMo District
- • Fully leased office building with NNN lease terms
- • High-visibility location on Biscayne Boulevard, a key Miami commercial artery
- • Development potential within Miami’s dynamic office market
The Coppertone Building and Miami’s MiMo District
The Coppertone Building, with its iconic rooftop sign and mid-century style, is a staple of Miami’s MiMo Historic District. Known for its eclectic restaurants, boutique shops, and unique architectural character, MiMo has become a sought-after destination for investors interested in Miami’s adaptive re-use trend. Situated on Biscayne Boulevard, the property offers easy access to nearby Midtown, Edgewater, and the Design District, enhancing its value as an adaptable, culturally significant asset for the right buyer.
Our Expertise in Historic and Mixed-Use Sales
At DWNTWN Realty Advisors, we brought our deep market expertise and strategic approach to broker the office building sale of the Coppertone Building. By securing a buyer for this fully leased property, we’ve once again demonstrated our knack for handling high-value Miami office investments in sought-after districts like MiMo. Our experience in historic and mixed-use properties played a key role in making this transaction a success.
Our Strategic Approach to the Coppertone Office Building Sale
To broker this sale, we focused on key strategies that highlighted the property’s short-term income and long-term investment appeal:
- Comprehensive Property Valuation
Our team thoroughly evaluated the building’s current income-generating capacity and its value within the evolving MiMo District, emphasizing its profitable position and cultural significance. - Zoning and Development Insights
With flexible zoning for mixed-use development, we guided the buyer and seller through a range of options, including adaptive re-use opportunities and office space upgrades, to unlock the building’s full potential. - Targeted Marketing Strategy
By focusing on the building’s mid-century charm and prime Miami location, we attracted investors with an appreciation for MiMo’s unique character and growth potential.
Key Benefits of the Coppertone Building Transaction
This sale offered substantial benefits for both parties, maximizing the building’s unique attributes and market position:
- Historic Location
Situated in Miami’s iconic MiMo District, the Coppertone Building appeals to investors seeking modern office spaces within culturally rich landmarks. - Income-Producing Asset
With fully leased NNN terms, the building provides steady income while allowing flexibility for future redevelopment. - Prime Commercial Corridor
Positioned along Biscayne Boulevard, this property offers unmatched visibility and access, strengthening its profile as a premier Miami office investment. - Adaptive Re-Use Potential
The building’s vintage architecture makes it ideal for transformation into retail, showroom, or hospitality spaces, aligning with Miami’s adaptive re-use movement and MiMo’s evolving market needs.
Fueling Strategic Growth in the MiMo District
Miami’s commercial real estate market continues to grow, with neighborhoods like MiMo drawing increased investor attention. The demand for quality office and mixed-use spaces in historic districts reflects the city’s economic vitality and cultural appeal, as Miami emerges as a hub for business, tourism, and the arts.
This sale further cements DWNTWN Realty Advisors’ role in Miami’s commercial property market, providing clients with opportunities that combine immediate value and long-term growth in Miami’s dynamic investment landscape.
Explore Miami’s Premier Office and Mixed-Use Properties with DWNTWN Realty Advisors
Interested in Miami’s active office and mixed-use property market? DWNTWN Realty Advisors specializes in connecting investors to high-value opportunities in Miami’s urban core. Contact us or visit DWNTWN Realty Advisors to explore top properties in Miami’s most desirable neighborhoods.