Three-Story Medical Office Building In Little Havana Sells For $5M

A 22,609-square-foot building located at 3383 NW 7th Street in Miami’s Little Havana neighborhood sold for $5,000,000.

The three-story building is 90% occupied by a mix of primarily medical tenants, including Abuelo’s Medical Center LLC, West Home Care, LLC, Diagnostic Centers of America, and others. The mixed-use building is a combination of private offices and open floor space to accommodate a variety of reconfigurations. Since its construction in 1971, the medical center has received significant improvements to the façade, as well as hurricane-proof windows, new roof, new A/C, and remodeled office spaces.

“The sale of this asset is a testament to the strength of office spaces and medical office buildings in Miami, particularly due to the lack of new supply in the market as we emerge from the health crisis,” said Alex Zylberglait, senior managing director of investments in Marcus & Millichap’s Miami office, who had the exclusive listing to market the property on behalf of the seller, a private investor. 

This location provides easy access to the Miami International Airport (MIA), Dolphin Expressway (SR-836), and Interstate 95 (I-95), and minutes from Brickell Financial District and downtown Miami.