Steve Rhodes Of 170 NE 40th Street Inc Sells Miami Retail F&B Office Portfolio For $25M

The transaction involved a portfolio of Class A retail, F&B, and office assets located at 2085 NW 2nd Ave, 2121 NW 2nd Ave, and 172 NW 21st St in the Miami market. The sale price was $25,000,000, and the total square footage of the properties is 39,519, resulting in a price per square foot of $632.

Summary of transaction details:

• Property Type: Retail, F&B & Office
• Transaction Amount: $25,000,000
• Address: 2085 NW 2nd Ave, 2121 NW 2nd Ave & 172 NW 21st St
• Square Footage: 39,519
• Price Per Square Foot: $632
• Seller: Steve Rhodes - 170 NE 40th Street Inc
• Buyer's Representative: Jason Abitbol - APEX Capital Realty
• Seller's Representatives: Devlin Marinoff & Tony Arellano - DWNTWN Realty Advisors

This transaction signifies a transition in ownership from Steve Rhodes, a notable local investor and Wynwood pioneer, with the collaboration between APEX Capital Realty and DWNTWN Realty Advisors playing a crucial role in facilitating the deal. Jason Abitbol represented the buyer, while the sellers had the support of Devlin Marinoff and Tony Arellano in this negotiation.