A& Storage Acquires Retail Property In Miami For $22.35M With CBRE Brokers

16500-16515 SW 88th St, a retail property located in Miami, was recently sold in a transaction that took place on 04/07/2021. The property, spanning 77,051 square feet, was acquired by A+ Storage at a price of $22,350,000, resulting in a price per square foot of $290. The seller, Northbridge Capital, was represented by Adam & Michael Lazier. Dennis Carson and Casey Rosen of CBRE acted as the brokers in this deal.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $22,350,000
• Address: 16500-16515 SW 88th St, Miami
• Market: Miami

The sale of 16500-16515 SW 88th St was facilitated by Dennis Carson and Casey Rosen of CBRE, who represented the seller, Northbridge Capital, in the transaction. A+ Storage emerged as the buyer, acquiring the retail property for a total amount of $22,350,000. Adam & Michael Lazier were the representatives for the seller in this deal.