D Square Bldg Sells in Miami’s Design District

RD Design District LLC purchased the D Square office building at 3995 N Miami Ave. in Miami’s trendy design district for $ 6.15 million, or about $ 189 per square foot, from FT Holdings LLC and White DOve LLC.

At the time of sale the property was approximately 95 percent occupied with average rental rates of $ 26.00 per square foot gross. The five-story, 32,733-square-foot office building was built in 1980 on two-tenths of an acre.

Tony Cho and…
South Florida Commercial Real Estate News From CoStar Group