MG3 Realty Acquires Retail Property In Miami For $7.4M

A retail property located at 100 NW 12th Avenue in Miami has been sold for a price of $7,400,000. The transaction took place on May 10, 2021. The property spans a total area of 10,401 square feet, with a price per square foot of $711. The property sits on a 1.61-acre lot, with a price per acre of $4,596,273.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $7,400,000

The buyer of the property was MG3 Realty, while the seller was Eastern Buellton Industrial & Global Miami St Little Havana. The transaction was facilitated by brokers Scott Sandelin, Alex D'Alba, Glen D. Kunofsky, and Josh Kanter.