Universal Concrete Acquires Retail Property In Medley For $11.75M

Universal Concrete has acquired a retail property located at 10505 NW 112th Ave in Medley. The transaction, facilitated by brokers Frank Trelles and Jason Gonzalez of State Street Realty, involved a sale price of $11,750,000. The property spans 50,142 square feet, resulting in a price per square foot of $234.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $11,750,000
• Date: 03/31/2022
• Address: 10505 NW 112th Ave
• Market: Medley

The buyer, Universal Concrete, successfully purchased the retail property from seller Shadi Shomar. The involvement of brokers Frank Trelles and Jason Gonzalez from State Street Realty ensured a smooth transaction process.