SOLD
Mary Fedewa Of Store Capital Acquires Office Building From Terry Fancher For $27.2M
3704 Northeast 2nd Avenue
Office
19,279 SF
19,279 SF
Sold 37 days ago
Summary
Sale
FLORIDA
Office
19,279 sqft
The property involved in the transaction is an office building located at 3704 Northeast 2nd Avenue in Miami. The seven-story building spans 19,279 square feet and was purchased by Mary Fedewa of Store Capital from Terry Fancher of Stockbridge Capital Group for $27,200,000, translating to a price per square foot of $1,411.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $27,200,000
- Address: 3704 Northeast 2nd Avenue
- Market: Miami
- Buyer: Mary Fedewa - Store Capital
- Seller: Terry Fancher - Stockbridge Capital Group
- SF: 19,279
- PPSF: $1,411
Mary Fedewa of Store Capital acquired the property, which houses Istituto Marangoni Miami under a 30-year lease, from Terry Fancher of Stockbridge Capital Group. Stockbridge Capital Group had purchased the building for $22 million in 2017, situated in Miami's Design District facing Interstate 195. This transaction adds to Stockbridge Capital Group's recent sales in the upscale shopping area.
Details
SOLD
IMAGE: Mary Fedewa & Terry Fancher
DATE: 04/02/2024
ADDRESS: 3704 Northeast 2nd Avenue
MARKET: Miami
ASSET TYPE: Office
BUYER: Mary Fedewa - Store Capital (@StoreCapitalREIT)
SELLER: Terry Fancher - Stockbridge Capital Group
SALE PRICE: $27,200,000
SF: 19,279 ~ PPSF: $1,411
NOTE: Store Capital bought a seven-story building in Miami's Design District for $27.2 million, housing Istituto Marangoni Miami, which signed a 30-year lease. The property, facing Interstate 195, was sold by Stockbridge Capital Group, adding to recent sales in the upscale shopping area.Stockbridge Capital Group, purchased the property, which sits on 4,735 square feet, for $22 million in 2017, shortly after the building was completedView on map
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Address3704 Northeast 2nd Avenue
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