Maximo Alvarez Acquires Retail Property In Downtown Miami From William Harman For $8.5M

Maximo Alvarez has acquired an 8,599-square-foot retail property located at 10 Southeast 1st Avenue in Downtown Miami. The property was sold by William Harman for $8.5 million, translating to approximately $988 per square foot. The asset is currently operating as a high-traffic gas station and retail storefront.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,500,000
• Buyer: Maximo Alvarez
• Seller: William Harman
• Square Footage: 8,599 SF
• Price per Square Foot: $988
• Market: Miami

This transaction highlights the involvement of key stakeholders where Maximo Alvarez represents the buyer and William Harman represents the seller in the deal. It reflects the ongoing activity in the commercial real estate sector within the Miami market.