MIAMI, Florida—June 11, 2021 – Lee & Associates South Florida announces the sale of three contiguous Class A office condo units amounting to the entire 8^th floor office space located at 900 Biscayne Blvd in Downtown Miami, Florida. The office portfolio sold for $2,620,000 on May 28^th, 2021.

Lee & Associates South Florida Senior Vice President and specialist in sales and leasing of CBD and Suburban Office real estate, Joseph Jarkesy, CCIM, was tapped by Lee South President, Matthew Rotolante, SIOR, CCIM to assist with representing the Seller, Carol Invest USA, LLC on the office condo portfolio. The 900 Biscayne office units were part of a larger portfolio of various commercial and rental properties in the South Florida marketplace that Rotolante continues disposition representation efforts on behalf of the Seller.  Despite ongoing pandemic effects and hesitancy in the South Florida Office sector, within the first month of active marketing initiatives by Lee & Associates South Florida, Rotolante and Jarkesy had quickly procured interest from several active buyers and were able to secure a direct investment buyer, 900 Biscayne 801 802 803 LLC, with an all cash offer and quick closing terms, selling at $440.34 per square foot.

The three office condos total 5,950 contiguous square feet covering the entire 8^th floor office space of the renowned Class A 900 Biscayne property conveniently located along US-1/ Biscayne Blvd between NE 9th and 10th Street in the heart of revitalized Downtown Miami. The space boasts impeccable unobstructed views of Miami’s beautiful Biscayne Bay and the newly rebranded FTX Arena, formerly known as the American Airlines Arena. The building offers on-site management, 24-Hr valet service and on-site parking, has 8 elevators, a pristine lobby, and ground floor retail. The property is less than one block from the Park West MetroMover train station, and just steps from some of Downtown Miami's most exciting dining, retail and entertainment options such as the FTX Arena, the Phillip and Patricia Frost Museum of Science and Museum Park, Bongos Cuban Café, Bayside Marketplace, Bayfront Park, and the new Miami World Center.