KEI Properties Acquires Retail Asset In Miami Lakes From Core IPF For $46M

The retail asset located at 15905-16367 Northwest 57th Avenue in the Miami Lakes market has been sold. The property spans 176,241 square feet and has a sale price of $46,000,000, which equates to approximately $261 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $46,000,000
• Buyer: KEI Properties
• Seller: Core IPF
• Brokers: Douglas Mandel & Zach Levine - Marcus & Millichap

Douglas Mandel and Zach Levine represented the transaction for the brokerage firm Marcus & Millichap. Their role was crucial in facilitating this deal between the buyer, KEI Properties, and the seller, Core IPF.