City National Bank of Florida sells Miami Beachmoffice to Pacific Star Capital

City National Bank of Florida sells Miami Beachmoffice to Pacific Star Capital

The deal includes two acres of land.

City National Bank of Florida sold its Miami Beach branch and office building to a commercial real estate firm for $24.59 million.

The Miami-based bank, a subsidiary of BCI in Chile, sold a three-story and a six-story office building to Oliveira Plaza Associates LLC, an affiliate of Pacific Star Capital, which is based in Santa Monica, California and has an office in Miami.

The property has 81,252 square feet of offices, which were constructed in 1948 and 1972, plus a drive-thru. The deal covered…

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