David Johnson Of Johnson Automotive Group Acquires Retail Property For $25M In Miami/Edgewater

The retail property located at 2121 Biscayne Blvd in Miami/Edgewater was recently sold for $25,000,000. The building spans 43,427 square feet with a price per square foot of $576. Additionally, the property includes 21,501 square feet of land, valued at $1,163 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $25,000,000
• Buyer: David Johnson - Johnson Automotive Group
• Seller: Shirin & Barkat A. Daredia - SIKKA Investments
• Broker: Rani Hussami - APEX Capital Realty

The sale was facilitated by Rani Hussami of APEX Capital Realty, representing the buyer and seller, David Johnson of Johnson Automotive Group, and Shirin & Barkat A. Daredia of SIKKA Investments. The transaction underscores the active commercial real estate market in Miami/Edgewater, showcasing the confidence of investors in the area.