Joe Agresti, Steve Cannon & Nick Saban Acquire Two Dealerships In Doral For $50M

Two retail properties have been sold in Doral, located at 10500 Northwest 12th Street and 10688 Northwest 12th Street, encompassing a total of 7.75 acres. The transaction took place for a total sale price of $50,000,000, translating to $530 per square foot for the total square footage of 94,299.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $50,000,000
• Buyer: Joe Agresti, Steve Cannon & Nick Saban - Dream Motor Group
• Seller: Michael A. Seidle - Bill Seidle’s Automotive Group
• Sale includes purchased sites: Nissan for $27,000,000 and Mitsubishi for $23,000,000
• Market: Doral

Dream Motor Group's acquisition of these two dealership properties marks a significant expansion of their presence in South Florida, adding to their portfolio which includes Mercedes-Benz locations in the Miami area. The transaction was facilitated by Michael A. Seidle representing Bill Seidle’s Automotive Group.