Harbour Outdoor Acquires Mixed-Use Property On NE 38th St. In Miami For $6.5M

Harbour Outdoor has acquired a mixed-use property located at 170 NE 38th St. in Miami, FL. The transaction, completed on August 20, 2021, was facilitated by Jake Zacuto of DWNTN Realty Advisors, who represented the buyer. The seller, Arnaud Sitbon, was represented by Tony Arellano and Devlin Marinoff, also from DWNTN Realty Advisors.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $6,500,000
• Address: 170 NE 38th St.
• Market: Miami, FL
• Square Footage: 10,250
• Price Per Square Foot: $634

The deal was financed by City National Bank, with Ray Rowshankhah overseeing the lending process. The involvement of City National Bank provided the necessary funds for Harbour Outdoor to complete the transaction.