MMG Equity Partners Acquires Cutler Bay Shopping Center For $16M

The shopping center located at 18901 Southwest 106th Avenue in Cutler Bay has been sold for a total price of $16,000,000. The property, which spans a total area of 127,072 square feet, was purchased by MMG Equity Partners from Cutler Center Holdings LLC, with Luis Boschetti representing the seller. The transaction was facilitated by the brokers Rosendo Caveiro, John K. Crotty, Michael T. Fay, David Duckworth, Brian de la Fé, Berkley Bloodworth, and Emily Brais, all from Avison Young.

Summary of transation details

• Property Type: Shopping center
• Transaction Amount: $16,000,000
• Square Footage: 127,072
• Address: 18901 Southwest 106th Avenue
• Market: Cutler Bay

The sale, completed on 11/04/2019, involved the shopping center in Cutler Bay. MMG Equity Partners acquired the property from Cutler Center Holdings LLC, with Luis Boschetti representing the seller. The transaction was handled by Rosendo Caveiro, John K. Crotty, Michael T. Fay, David Duckworth, Brian de la Fé, Berkley Bloodworth, and Emily Brais, who are brokers from Avison Young.