RK Centers Acquires Vacant Retail Property In Miami Beach For $2.23M With Avenue Real Estate Partners As Buyer's Rep

RK Centers purchased a 3,018 SF retail and restaurant property located at 1025 71st Street in the Miami Beach market for $2,225,000. The asset features patio rights and is situated within the renovated Normandy Fountain district, which is noted for its high traffic visibility.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,225,000
• Square Footage: 3,018 SF
• Address: 1025 71st Street
• Market: Miami Beach
• Buyer's Name: Raanan Katz
• Buyer's Company: RK Centers
• Buyer's Representatives: Dillon Maya & Aaron Butler
• Buyer's Representative Agency: Avenue Real Estate Partners
• Seller's Representatives: Drew Kristol & Kirk Olson
• Seller's Representative Agency: Marcus & Millichap

The transaction involved the representation of RK Centers by Dillon Maya and Aaron Butler from Avenue Real Estate Partners, while Drew Kristol and Kirk Olson from Marcus & Millichap represented the seller in the deal. The brokers played a key role in facilitating the transaction.