Property Description
On March 2, 2020 a joint venture between Perrine Marlin, MFC 3700 Investors LLC, led by David Berger and Ezra Katz, CEO and founder of Miami-based Aztec Group, Inc. sold the 132,092 square foot office building located at 3700 Lakeside Drive in Miramar, FL to Bankers Healthcare Group for $29 million, or approximately $220 per square foot.
Bankers Healthcare Group plans to base its new headquarters at the former Space Coast Credit Union six story building..
Bankers Healthcare Group, a financial provider to healthcare professionals, bought the 130,000-square-foot office property at 3700 Lakeside Drive for $223 per square foot, records show. MFC 3700 Investors LLC, led by David Berger and Ezra Katz, CEO and founder of Miami-based Aztec Group, sold the property.
Synvonus provided a $31.9 million loan to Bankers Healthcare Group to acquire the building.
Bankers Healthcare Group will soon begin remodeling the building with plans to move there in October. Bankers Healthcare Group’s 260 employees will occupy the first three floors and three other existing tenants will remain on floors four through six. The company plans to hire an additional 129 employees by next year, according to the release.
Rise Realty’s Keith Darby had previously advised on a long term lease of 46,964 SF to U.S. Gas & Electric, Inc led by Doug Marcille and subsequently subleased a portion of the premises on behalf of Crius Energy, now Vistra Energy to customer contact call center Inktel, with Ricky Arriola leading the call center real estate expansion in South Florida’s Broward County.
Amenities at the new headquarters will include a gym with personal trainers, a café with an on-site chef, a yoga/meditation room and a massage room. The space will also include a coffee shop and parking for 700 vehicles (over 5/1,000 RSF parking ratio)
The building was last purchased by David Berger & Ezra Katz in 2019 for $18.3 million, records show. It was constructed in 1996.
Bankers Healthcare will maintain its current office in Davie, and plans to make it available for lease after it relocates its staff, according to the release.
Bankers Healthcare’s former president and co-founder Robert T. Castro has been an active buyer of real estate in South Florida. In December 2018, a company tied to Castro paid $12.1 million for a 72-unit apartment complex in Sunrise. In November, 10 companies tied to Castro bought a 371-unit apartment complex in Tamarac for $54 million.
Rise Realty’s marketing prior marketing efforts:
Class “A” six story corporate headquarters building. 24/7 manned security desk. On-site banking. Hurricane Impact windows. Separately metered electricity. 1,000 KWA generator with 4,000 gallon diesel tank. High end finishes throughout. Marble floors. Impressive Private Lobby Entrance. Balconies on 6th floor.
Excellent Location in Southwest Broward. I-75 Exposure. Easy access to all major expressways. Ideal for corporate headquarters.
Date Available: Available now
Lease Term: Flexible