RWN Real Estate Partners Acquires Retail Building In Miami Beach For $7.43M

The property involved in the transaction is a retail building located at 1673 Alton Rd, Miami Beach, FL, 33139. The building spans 7,200 square feet on 0.17 acres of land. It comprises three ground-floor retail units and a second-floor loft space. The property was acquired by RWN Real Estate Partners for $7,430,000.00, equating to $1,031 per square foot. The seller of the property is Alton Florida Properties.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,430,000.00
• Market: Miami Beach
• Buyer: RWN Real Estate Partners
• Buyer's Reps: Todd Weintraub(CBRE), Zachary (Zach) Winkler(JLL)
• Seller: Alton Florida Properties
• SF: 7200

The joint venture responsible for the acquisition of the property consists of Deco Capital Group, led by Bradley Colmer, and New York-based private equity firm RWN Real Estate Partners. Bradley Colmer represents Deco Capital Group in the deal, while Ari Shalam leads the RWN Real Estate Partners. The seller, Alton Florida Properties, is headed by Norman Ciment, a Miami Beach investor and former mayor, along with his sons Ivan and Avi Ciment.