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

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.