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

2690 Southwest 22nd Street
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This Retail property located in FL was sold for $23,700,000 over 3 years ago. The brokers of the deal were Kirk Olson and Drew Kristol

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.

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Deals
  • Location
    2690 Southwest 22nd Street, Miami, FL, USA2690 Southwest 22nd Street, Miami, FL, USA
  • Sale Price
    $23,700,000$23,700,000
    $483 PPSF$483 PPSF
  • Area
    48,993 SF48,993 SF
  • Asset Type
    RetailRetail
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Kirk Olson

Kirk Olson

Deals29
Financed$355.4M

Drew Kristol

Drew Kristol

Deals29
Financed$355.4M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6865
Volume$64B

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Deal Summary

SALE IMAGE: Kirk Olson, Sebastian Barbagallo & Drew Kristol DATE: 08/23/2021 ADDRESS: 2690 Southwest 22nd Street MARKET: Miami ASSET TYPE: Retail BUYER: B Group Capital Management - Sebastian Barbagallo SELLER: Rajen Properties BROKERS: Kirk Olson & Drew Kristol - Marcus & Millichap SALE PRICE: $23,700,000 SF: 48,993 ~ PPSF: $484 ACRES: 3.2 ~ PPA: $7,406,250

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2690 Southwest 22nd Street

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