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Property Market Groups Acquires Mixed-Use Asset In Miami For $58M

Property Image
SOLD
$58,000,000
Sophia Rub
Luis Flores

Florida

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Mixed-use
Sold
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SOLD

Property Market Groups Acquires Mixed-Use Asset In Miami For $58M

130 Southwest 8th Street, Miami, Florida 33135, United States

See Similar Deals
Mixed-use
Sold
Sophia Rub
Luis Flores
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Mixed-use
Transaction Type:Sale

130 SW 8th Street, a mixed-use property spanning 1.15 acres, was recently sold in Miami. The transaction took place on 06/10/2022 and the sale price was $58,000,000. The property consists of 803 units, with an average price per unit of $72,229.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $58,000,000
  • Address: 130 SW 8th Street
  • Market: Miami
  • Acres: 1.15

The buyer of the property was Property Market Groups, represented by Ryan Shear from Sentral. The seller was Jose Rasco. Saul Ewing Arnstein & Lehr Attorneys, represented by Luis Flores and Sophia Rub, acted as the buyer's representative in the deal.

Players

Luis Flores
Saul Ewing Arnstein & Lehr
Luis Flores
6 deals$620.4M volume
BROKER
Sophia Rub
Saul Ewing Arnstein & Lehr
Sophia Rub
2 deals$141M volume
BROKER

Details

SOLD
IMAGE: Luis Flores, Ryan Shear & Sophia Rub DATE: 06/10/2022 ADDRESS: 130 SW 8th Street MARKET: Miami ASSET TYPE: Mixed-use ~ ACRES: 1.15 BUYER: Property Market Groups (@PMGDevelopment) - Ryan Shear; Sentral SELLER: Jose Rasco BUYER'S REP: Saul Ewing Arnstein & Lehr Attorneys (@SaulEwingArnsteinLehr) - Luis Flores & Sophia Rub SALE PRICE: $58,000,000 UNITS: 803 ~ PPU: $72,229

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Cap Rate

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