Submarket: Downtown Miami
Property Type: Retail/Development Site
Sold Price: $25,375,000
Represented: Both buyer and seller
Problem: Miami Central consists of retail , siting on large land parcels, which allow for massive future development.
Process: We negotiated the retail leases, so in five years all tenants would have kick – out clauses.
Outcome: Allowed sites to continue generating revenue, while entitling them for future development.
Date Sold: 12/22/2021
Building Size: 50,197 sqf
Lot Size: 28,750 sqf