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261 NE 1st Street
Downtown Miami

Philippe Chiroussot-Chambeaux acquired the building 85% empty and repositioned the building in 12month with 100% of the space leased. Besides the new tenants an executive suites center and a 7,000 sf heath center was created in the building that helped to bring new tenants, and redevelop downtown Miami. 

Before

Office Building
Acquisition and Repositioning

After

Features

Acquisition

2005

Price

$ 1,500,000

Size

60,000 SF

Height

6 Stories

lease

$31/sf

Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested. All investments involve risks including the risk of possible loss of principal.

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