Homestead Shopping Center Trades

Kristopher G. Wagner, P.A., Director, Commercial Sales with The Keyes Company-Commercial Real Estate Division, negotiated the sale of a retail center located at 26610 S. Dixie Highway in Homestead, Florida.
Ramcio Property Shopping Center, a 23,500-square-foot property situated on 2.67 acres, sold for $2,000,000.
A tenant within the shopping center that was looking to expand its footprint at the center, purchased the plaza from Ramcio PropertyWagner was the only broker involved in the transaction.
The deal closed Friday, August 14.
 

“There was a robust level of interest in the property due largely to the value-add opportunity to reposition the asset,” commented Wagner. “The ability to purchase the property below replacement cost presented a significant upside opportunity for the buyer.”

Wagner is a member of the Commercial Industrial Association of South Florida (CIASF).
CIASF provides education, networking, and advocacy for its members, while serving as a collective voice for South Florida’s commercial real estate community.  The association hosts events each month covering a wide range of topics including the Industrial Market Report in January, the Office Market Report in May, and the Commercial Finance Report in September, it’s signature events.
 

————————-

Get the latest industry news and information from CRE-sources delivered right to your email inbox! And we promise…no more than one email each morning. Just follow the instructions below.

Enter your email address:


 

 

-------------------------

Get the latest industry news and information from CRE-sources delivered right to your email inbox!

And we promise…no more than one email each morning.

 

CLICK HERE TO SUBSCRIBE TODAY!