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Marcos Puente And Gabriel Navarro Acquire Retail Property In Cutler Bay For $12M

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SOLD
$12,000,000

Florida

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Retail98,040 SF
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SOLD

Marcos Puente And Gabriel Navarro Acquire Retail Property In Cutler Bay For $12M

19700 South Dixie Highway

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Retail98,040 SF
Sold
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$122
Total Square Footage:98040 SF
Transaction Type:Sale

Two adjacent retail properties located at 19700 & 19401 South Dixie Highway in Cutler Bay, with a total square footage of 49,020, were recently sold for $12,000,000 at a price per square foot of $245.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $12,000,000
  • Buyer: Marcos Puente and Gabriel Navarro, MMG Equity Partners
  • Seller: Not disclosed
  • Broker: Donald Shapiro - Compass
  • Market: Cutler Bay
  • Asset Type: Retail

The buyers, Marcos Puente and Gabriel Navarro of MMG Equity Partners, have acquired their 7th strip center in Miami Dade and Broward county over the past four years. They expressed interest in purchasing seven more unanchored strip centers, each over 40,000 square feet, throughout Miami and Broward.

Players

Donald Shapiro
Compass
Donald Shapiro
10 deals$58.8M volume
BROKER

Details

SOLD
IMAGE: Donald Shapiro, Marcos Puente & Gabriel Navarro DATE: 06/17/2024 ADDRESS: 19700 & 19401 South Dixie Highway MARKET: Cutler Bay ASSET TYPE: Retail BUYER: Marcos Puente and Gabriel Navarro, MMG Equity Partners (@MMGEquityPartners) BROKER: Donald Shapiro (@TheRealDonaldShapiro) - Compass (@Compass) SALE PRICE: $12,000,000 SF: 49,020 ~ PPSF: $245 NOTE FROM BUYER: This is the 7th-strip center we purchase in Miami Dade and Broward county in the past 4-years; we would like to buy 7-more. Please reach out immediately if you soon may have any unanchored strip centers, over 40,000 Sq Ft, available throughout Miami and Broward - all brokers will be protected. [email protected] or (305) 851-1947.

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