Marc Matut Acquires Retail Property In Miami Gardens For $2,725,000

The retail property located at 18051 NW 27th Avenue in Miami Gardens has been sold in a transaction that closed on 05/12/2021. The property has a total square footage of 12,431 and sits on a lot size of 58,500 square feet. The sale price for the property was $2,725,000, resulting in a price per square foot of $219. The property was purchased by Marc Matut.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $2,725,000
• Square Footage: 12,431
• Lot Size: 58,500

Natalia Quiroz, representing Optimar International Realty, acted as the buyer's representative for Marc Matut in the transaction. On the other side, Jamie Rose Maniscalco and Alyssa Armstrong, from Apex Capital Realty, represented the sellers, Philip and Alice Phen. The deal achieved a capitalization rate of 5.2%.