Located at 3601 North Miami Avenue in Miami, the site sits at the gateway of three of Miami’s three most dynamic, high-growth districts: Miami Design District, Midtown Miami, and Wynwood.
The 7,904-square-foot building last sold for $2.5 million in 2006. CLICK ON THE HEADLINE FOR MORE
The deal, which closed July 22, delivers a monster profit to investor Russell Atlas, who bought the lots for a combined $1.9 million in the early 2000s and redeveloped the properties. CLICK ON THE HEADLINE FOR MORE
The deals mark the highest price per square foot for commercial property in Little Havana and Miami’s Design District, according to a release. CLICK ON THE HEADLINE FOR MORE
“We repositioned the building with great tenants, with two-and-a-half years of great rental history,” he said, “and created a gem.” CLICK ON THE HEADLINE FOR MORE
The property last sold for $2 million in 2004. CLICK ON THE HEADLINE FOR MORE
The 19,436-square-foot industrial building sold to an affiliate of Brooklyn-based RedSky Capital and London-based JZ Capital Management. CLICK ON THE HEADLINE FOR MORE
The $26 million transaction values the building at $1,168 per square foot. CLICK ON THE HEADLINE FOR MORE
Project plans include 1.2 million square feet of mostly retail shops, a boutique hotel and “architecturally significant” condo building. CLICK ON THE HEADLINE FOR MORE
The real value could be what’s next door, where Dacra is building its high-end retail project. CLICK ON THE HEADLINE FOR MORE
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