I Scream Gelato Acquires Retail Space At 2445 Northwest 2nd Avenue For $3.7M

The asset involved in the transaction is a retail property located at 2445 Northwest 2nd Avenue in Miami. The sale price for the property was $3,700,000, which equates to approximately $2,792 per square foot for its total area of 1,325 square feet. This purchase occurred within the Society Wynwood building.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,700,000
• Square Footage: 1,325
• Price per Square Foot: $2,792
• Buyer: Nadav Abergel - I Scream Gelato
• Seller: Alex Karakhanian - LNDMRK Development
• Seller: Scott Sherman - Torose Equities
• Seller: Michael Simkins - Lion Development Group

The key individuals involved in this transaction include Nadav Abergel representing I Scream Gelato, who acquired the property. The sellers are Alex Karakhanian representing LNDMRK Development, Scott Sherman representing Torose Equities, and Michael Simkins representing Lion Development Group. This sale reflects current market trends with retailers opting to purchase their own spaces amidst fluctuations in investor activity.