SOLD
Longpoint Realty Partners Acquires 181,558-Square-Foot Trail Plaza Retail Property In Miami For $49.3M From Seller MetLife Real Estate Investment
1032 Southwest 67th Avenue
Retail
181,558 SF
181,558 SF
Sold 193 days ago
Summary
Sale
FLORIDA
Retail
181,558 sqft
The 181,558-square-foot Trail Plaza in Miami has been sold for $49.3 million in a recent transaction. The buyer, Longpoint Realty Partners, acquired the retail property from MetLife Real Estate Investment. The property, located at 1032 Southwest 67th Avenue, offers potential for future development and is anchored by Fresco Y Mas. It boasts high occupancy and is situated in a prime spot near Miami.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $49,300,000
- Address: 1032 Southwest 67th Avenue, Miami
- Market: Miami
- Acres: 17
The deal was brokered by Casey Rosen and Dennis Carson of CBRE, representing the buyer. On the seller's side, Dwight Y. Angelini acted as the representative for Longpoint Realty Partners. MetLife Real Estate Investment, who had owned the property for over 30 years, decided to sell to Longpoint Realty Partners, a Boston-based company.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Dennis Carson, Dwight Y. Angelini, John McCallion & Casey Rosen
DATE: 10/23/2023
ADDRESS: 1032 Southwest 67th Avenue
MARKET: Miami
ASSET TYPE: Retail ~ ACRES: 17
BUYER: Longpoint Realty Partners (@LongpointRealtyPartners) - Dwight Y. Angelini
SELLER: MetLife Real Estate Investment - John McCallion
BROKERS: Casey Rosen & Dennis Carson - CBRE (@CBRE)
SALE PRICE: $49,300,000
SF: 181,558 ~ PPSF: $272
NOTE: Longpoint Realty Partners, based in Boston, has purchased the 181,558-square-foot Trail Plaza in Miami for $49.3 million from MetLife Real Estate Investment, who had held the property for over 30 years. The retail property, anchored by Fresco Y Mas, offers potential for future development, has high occupancy, and is located in a prime spot near Miami.View on map
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Address1032 Southwest 67th Avenue
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