Alex Mantecón And Humberto Torres Acquire Office Property In Miami For $12M With Brokers Louis McMillian And Bert Checa

The asset involved in the transaction is an office property located at 707 Northwest 57th Avenue in the Miami market. The sale price was $12,000,000, with a total square footage of 31,407 and a price per square foot of $382.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $12,000,000
• Square Footage: 31,407
• Price Per Square Foot: $382
• Buyer: Alex Mantecón & Humberto Torres
• Seller: Russell Galbut, Sonny Kahn & Bruce Menin - Crescent Heights
• Buyer’s Representative: Louis McMillian - Global Investments Realty
• Seller’s Representative: Bert Checa - Lee & Associates

Key individuals involved in this transaction include the buyers, Alex Mantecón and Humberto Torres, who acquired the property from the sellers, Russell Galbut, Sonny Kahn, and Bruce Menin, representing Crescent Heights. The transaction was facilitated with the assistance of their respective representatives, Louis McMillian from Global Investments Realty representing the buyers and Bert Checa from Lee & Associates representing the sellers.