Colliers International Facilitates Sale Of Miami Mixed-Use Property For $1.2M

The former day care facility located at 2000 Northwest 62nd Street in Miami has been sold for $1,195,000. The property is a mixed-use asset with a total square footage of 3,600. The sale price translates to approximately $332 per square foot. The transaction occurred on November 30, 2023.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $1,195,000
• Address: 2000 Northwest 62nd Street
• Market: Miami
• Buyer: Joe Schwartz
• Seller: The Young Mens Christian Association Of South Florida Inc
• Brokers: Virgilio Fernandez, Mitash Kripalani & Ken Krasnow - Colliers International

Colliers International represented the sellers, Virgilio Fernandez, Mitash Kripalani, and Ken Krasnow, in facilitating the successful sale of the property. The transaction was the result of a formal listing process, which attracted multiple high-priced offers for the area. The brokers played a crucial role in securing the contract at a record price per square foot, resulting in a beneficial outcome for the sellers.

If you are interested in buying or selling a property and require expert guidance to achieve your investment objectives, the Colliers International team is available to assist you. Feel free to reach out to us at your convenience.