Location Ventures Acquires Mixed-Use Property On Washington Avenue In Miami For $20M

1234–1260 Washington Avenue in Miami has been sold in a recent transaction. The mixed-use property, spanning 33,488 square feet, was acquired by Location Ventures for a price of $20,000,000. The sale price equates to a price per square foot of $597. The property's sale was finalized on 5th April 2021.

Summary of Transaction Details:

• Property Type: Mixed-use
• Transaction Amount: $20,000,000
• Address: 1234–1260 Washington Avenue, Miami
• Market: Miami
• Buyer: Location Ventures - Rishi Kapoor
• Seller: 1234 Partners Ltd - Jimmy Resnick & Jonathan Fryd
• Square Footage: 33,488
• Price per Square Foot: $597

Location Ventures, represented by Rishi Kapoor, acquired the property from 1234 Partners Ltd. The seller's representatives in the deal were Jimmy Resnick and Jonathan Fryd. This transaction reflects the active real estate market in Miami, showcasing the demand for mixed-use properties in the area.