Investor Isaac Rami Purchased Miami Beach Office Building

The family office acquired the six-story, 39,600-square-foot property for nearly $13 million.

Updated on Oct. 14, 2026 in Commercial

A mid-century modern commercial office building facade in Miami with rhythmic concrete balconies and crisp midday shadows. — Isaac Rami's family office acquired a six-story commercial building in Miami Beach for $13 million, targeting renovations for the aging property. AI Illustration. Upload story photo >

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The Isaac Rami family office has acquired the commercial office building located at 301 Arthur Godfrey Road in Miami Beach. The six-story property was purchased for approximately $13 million, marking a 35 percent discount from its initial $19.9 million listing price.

Why it matters

The acquisition positions the buyer to renovate aging commercial space in a high-demand market, potentially increasing the building's value through updated amenities. The project reflects ongoing investment activity in South Florida's office sector as firms seek to establish or expand their regional presence.

The 39,600-square-foot office building is currently 90 percent occupied, with Citizens Bank serving as the anchor tenant. Tenants are currently paying between $45 and $50 per square foot on a modified gross basis.

The players

Isaac Rami

Isaac Rami is an investor who utilizes a family office to manage real estate acquisitions and holdings.

Mendel Fellig

Mendel Fellig is a real estate professional with Compass who managed the transaction between the buyer and seller.

Citizens Bank

Citizens Bank is a major financial institution that currently serves as the anchor tenant at 301 Arthur Godfrey Road.

The details

The transaction for the 1960s-era property was brokered by Mendel Fellig of Compass, who represented both the buyer and the seller. Isaac Rami intends to modernize the building and establish a personal office outpost within the space.

The office building was originally completed during the 1960s.
The owners listed the building for sale in 2025.
The Boymelgreens completed the 42 Pine condo building in 2025.
The office building sale to Isaac Rami closed in October 2026.

Culture Shift

The transaction highlights the broader South Florida corporate migration as investors seek to establish local footprints in established commercial corridors. This move aligns with a trend of private capital targeting older office assets for modernization to meet current professional standards.

Current tenants at the 301 Arthur Godfrey Road property can expect building improvements and potential aesthetic upgrades to common areas. The planned renovations may lead to short-term construction activity at the site while the owner prepares to occupy a portion of the building.

The takeaway

Commercial real estate investors are increasingly finding value in purchasing and retrofitting 1960s-era properties that offer prime locations at discounted rates. Prospective buyers should focus on identifying assets with high occupancy levels to ensure steady cash flow during renovation periods.