Regal Acquisitions Acquires Retail Property In Miami Beach For $34M

The retail property located at 2000 Collins Avenue and 237 20th Street in Miami Beach has been sold in a recent transaction. The property spans across 35,482 square feet and was sold for a total price of $34,000,000, resulting in a price per square foot of $958. The sale was facilitated by brokers Joseph Ash and Isaac Shabot from Kassin Sabbagh Realty.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $34,000,000
• Address: 2000 Collins Avenue & 237 20th Street, Miami Beach
• Market: Miami Beach

The buyer in this transaction was Regal Acquisitions, represented by Ely Cohen, Alexander Smith, and Joey Cohen. The seller was PGIM Real Estate and Madison Capital. The involvement of these key individuals and companies highlights their role in the successful sale of the retail property in Miami Beach.