Avison Young brokers the sale of a 34,252-square-foot office/flex facility in Miami, FL for $9.7M
The buyer, an electrical solutions provider, will occupy the new facility for its operations
Miami, FL – Global real estate advisor Avison Young arranged the sale of the Syntheon building located at 13755 SW 119th Avenue in Miami, Florida for $9.7 million. The 34,252-square-foot (SF) office/flex facility traded to and will be occupied by Statewide Electrical Contractors, a Miami-based electrical solutions provider. Syntheon, which also occupied the property, is relocating its operations to the Doral Airport West submarket.
Avison Young Principals John K. Crotty; Michael T. Fay, who is also the Chairman of Avison Young’s U.S. Capital Markets Group Executive Committee; David Duckworth; Brian C. de la Fé; and Associate Philip Shapiro represented the seller, Syntheon, in the disposition. Alejandro Jordan of ESQ.title served as legal representation for the seller.
The building offers a functional mix of uses including traditional professional office space, warehouse with 24’ clear heights, a specialized clean room and light manufacturing component. Strategically positioned with direct frontage along Florida’s Turnpike, the property occupies a generously sized 2.43-acre parcel in the heart of the well-established Kendall industrial-office corridor and provides exceptional signage visibility to more than 230,000 vehicles per day.
“This transaction underscores the continued strength of Miami’s owner-user market, particularly for well-located office/flex assets that can support a wide range of operational needs,” said Crotty. “Demand remains especially strong for properties that offer flexibility, visibility and immediate functionality.”
"This sale represents a successful outcome for Syntheon and aligns well with the next phase of our company,” said Sean McBrayer, CEO of Syntheon. “The property served us exceptionally well, and we’re pleased it will continue to be occupied by an owner-user who can fully leverage its flexibility and visibility. We appreciate John’s and Avison Young’s
strategic guidance throughout the process and look forward to relocating our operations to a facility that better supports our evolving needs.”
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