Calvary Church Ministries Acquires Church In Miami For $8.35M

The church located at 6565 Southwest 127th Avenue in Miami was sold in a transaction between Calvary Church Ministries and First Baptist Church of Village Green. The property, with a size of 294,465.6 square feet, was sold for $8,350,000, slightly below the initial asking price of $8,500,000. The deal resulted in a price per square foot of $28.

Summary of transaction details:

• Property Type: Church
• Transaction Amount: $8,350,000
• Buyer: Calvary Church Ministries
• Seller: First Baptist Church of Village Green
• Seller's Rep: Alexander Bernaldo, SIOR & Bradford Ross - Americas Commercial Real Estate
• Address: 6565 Southwest 127th Avenue
• Market: Miami
• SF: 294,465.6
• PPSF: $28

Alexander Bernaldo, along with Bradford Ross from Americas Commercial Real Estate, represented the seller, First Baptist Church of Village Green, in the transaction. The church property, despite being sold slightly below the asking price, garnered significant interest in the Miami market. The sale highlights the active real estate market in the area and the importance of strategic representation in such transactions.