7950 NW 53rd St, Doral, FL 33166

Marcus & Millichap is pleased to present a rare opportunity to acquire office condominium units within the 7950 Professional Center, a three-story professional complex located in the core of Downtown Doral - one of Miami-Dade County's most active mixed-use development zones. The property consists of 41 individual office suites ranging from ±197 to +958 square feet, professionally occupied and designed for medical, financial, legal, tech, and back-office corporate uses.

The existing tenant, Magaya Corporation - a global logistics software leader with over 400 employees and client reach across 90+ countries - will retain approximately 30% of the units for continued operations. They currently lease the entire portfolio till November 2026 on a NNN basis generating an 9.3% cap rate. The balance of the inventory is being offered for sale and can be acquired individually, in tranches, or as a complete portfolio.

This flexible structure uniquely positions the asset for both private owner-users seeking long-term office stability and investors interested in aggregating institutional-grade, income-producing condos in one of Miami's strongest employment nodes. Downtown Doral has seen substantial economic activity, supported by ongoing mixed-use developments, new residential density, Whole Foods-anchored retail, healthcare expansions from UHealth, and hospitality projects reported by Florida YIMBY and The Real Deal. These developments have significantly increased daytime population and corporate migration into the NW 53rd Street corridor.

According to CoStar and CBRE market reports, sub-50,000-square-foot office assets and condo-format professional suites continue to outperform the broader Miami office market due to limited supply, rising demand from service-based businesses, and a growing trend of Latin American and European firms preferring to purchase rather than lease. The ability to control corporate space in a high-income, high-growth area like Doral appeals strongly to business owners seeking a branded headquarters presence near Miami International Airport, Coral Gables, and Blue Lagoon Corporate Park.

Investors also benefit from multiple exit strategies, including a phased condo sell-off model, block-level disposition to private groups or medical professionals, or long-term hold with diversified rent roll potential once Magaya's retained units re-establish an anchor presence. With strong demographic drivers, professional employment growth, and sustained development pipeline momentum in Doral, 7950 Professional Center presents a strategically located, institutionally positioned office ownership opportunity in one of South Florida's most resilient submarkets.