Steve Rhodes Of 170 NE 40th Street Inc Sells Miami Retail F&B Office Portfolio For $25M
Florida
See Similar DealsSteve Rhodes Of 170 NE 40th Street Inc Sells Miami Retail F&B Office Portfolio For $25M
2085 Northeast 2nd Avenue
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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.
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