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Luis M. Somoano Buys Ford Of Kendall Property In Miami For $20.25M

Property Image
SOLD
$20,250,000

Florida

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Retail68,225 SF
Sold 09/01/2023
the dealdetailscomps
Property Image
SOLD

Luis M. Somoano Buys Ford Of Kendall Property In Miami For $20.25M

15555 South Dixie Highway

See Similar Deals
Retail68,225 SF
Sold 09/01/2023
the dealdetailscomps

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$296
Total Square Footage:68,225 SF
Transaction Type:Sale

The Ford of Kendall dealership property in Miami-Dade, spanning 7.4 acres and featuring a retail asset, was sold for $20.25 million. The property, located at 15555 South Dixie Highway in Miami, encompasses a total of 68,225 square feet with a price per square foot of $297.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $20,250,000
  • Address: 15555 South Dixie Highway
  • Market: Miami
  • Buyer: Luis M. Somoano
  • Seller: Gus Machado Ford of Kendall LLC - Lilliam Machado & Myra Dewhurst

The property, previously owned by the late auto dealer Gus Machado's family, has been acquired by Luis M. Somoano. The sale price of $20.25 million reflects an appreciation in value from its previous sale at $13.6 million in 2009.

Players

Gus Machado Ford
Gus Machado Ford
SELLER
Gus Machado Ford
Gus Machado Ford
SELLER

Details

SOLD
IMAGE: Lilliam Machado, Gus Machado & Luis M. Somoano DATE: 09/01/2023 ADDRESS: 15555 South Dixie Highway MARKET: Miami ASSET TYPE: Retail ~ ACRES: 7.4 BUYER: Luis M. Somoano SELLER: Gus Machado Ford of Kendall LLC - Lilliam Machado & Myra Dewhurst SALE PRICE: $20,250,000 SF: 68,225 ~ PPSF: $297 NOTE: The Ford of Kendall dealership property in Miami-Dade, formerly owned by the late auto dealer Gus Machado's family, has been sold for $20.25 million to Ford of Kendall LLC. The property's value has appreciated since its last sale at $13.6 million in 2009.

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