B Group Capital Management Acquires Retail Asset In Miami For $23.7M

An investment property located at 2690 Southwest 22nd Street in Miami was recently sold for a total of $23,700,000. The property is a retail asset with a total square footage of 48,993. The sale price per square foot was calculated to be $484. The transaction also included an area of 3.2 acres, with a price per acre of approximately $7,406,250.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $23,700,000
• Address: 2690 Southwest 22nd Street, Miami
• Market: Miami

The buyer of the property was B Group Capital Management, represented by Sebastian Barbagallo. The seller in this transaction was Rajen Properties. The deal was facilitated by brokers Kirk Olson and Drew Kristol from Marcus & Millichap.