Gibson Development Partners and Kenneth Weston & Associates, Inc. are expanding healthcare options in East Kendall with the unveiling of Sunset International Center, a newly-renovated office condominium complex comprised of fully-finished medical and professional suites. The 62,000 square-foot, two-story office condo conversion is more than 55 percent pre-sold and now available to the general public for immediate occupancy.

“As rental rates continue to rise, the option to buy affordable medical and professional office space in the heart of a growing community, without expensive and time-consuming build-out required, is a compelling alternative for physician groups and professional service firms,” said O. Ford Gibson, principal of Gibson Development Partners, the Miami-based developer who led and completed the conversion in less than six months. “Sunset International Center features superior amenities and is conveniently located within a five mile radius of Baptist, South Miami and Kendall Regional Hospitals.”

According to Kenneth Weston, president of Kenneth Weston & Associates, Inc., the health care real estate firm in charge of sales and marketing for Sunset International Center, demand for medical office condos continues to surge in strategic locations throughout South Florida as more and more physicians see the value in purchasing condos as a long-term real estate investment.

“Medical professionals tend to congregate and stay put because it’s good for business,” said Weston. “Physicians can offer patients the convenience of one-stop shopping, and practitioners within the building tend to refer clients to each other. Medical office users also typically spend more money on interior finishes than other tenants and often install expensive equipment, making it costly to pick up and move. So, from an investment standpoint, physicians are figuring out that the long-term purchase incentives are too strong to pass up.”

Finished medical/professional suites start from 850 square feet with private entrances available. There is a 4.5 per square-foot ratio of parking to office space purchased. Prices start from $365 per square foot for fully-finished units.

Building improvements include a substantial lobby renovation and total redesign, featuring a dramatic two-story atrium, as well as remodeled hallways, bathrooms and elevators. Amenities include upgraded restrooms on each floor, and ample onsite parking due to a reconfigured owner mix.