facebook
Traded Co logo
Submit
Daily limit: 0/10

Whole Foods Acquires Downtown Miami's Met 3 Retail Space For $21M

Property Image
SOLD
$21,000,000
Jodie W. McLean
JB

Florida

See Similar Deals
Retail97,674 SF
Sold 01/03/2024
the dealplayerscompscontact
Property Image
SOLD

Whole Foods Acquires Downtown Miami's Met 3 Retail Space For $21M

299 Southeast 3rd Avenue

See Similar Deals
Retail97,674 SF
Sold 01/03/2024
Jodie W. McLean
JB
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$215
Total Square Footage:97,674 SF
Transaction Type:Sale

Jodie W. McLean & Jason Buechel have completed a retail property transaction in Miami. The property is located at 299 Southeast Third Avenue and has a total area of 97,674 square feet. The sale price was $21,000,000, resulting in a price per square foot of $215.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $21,000,000
  • Address: 299 Southeast Third Avenue
  • Market: Miami

Jason Buechel, representing Whole Foods, acted as the buyer in this transaction, while Jodie W. McLean, representing EDENS, served as the seller. The property was previously sold for $19.63 million in 2015 and is now owned by GBD Properties, an affiliate of Whole Foods.

Players

JB
Jason Buechel
4 deals$21M volume
BUYER
Jodie W. McLean
Edens
Jodie W. McLean
8 deals$359.1M volume
SELLER

Details

SOLD
IMAGE: Jodie W. McLean & Jason Buechel DATE: 01/03/2024 ADDRESS: 299 Southeast Third Avenue MARKET: Miami ASSET TYPE: Retail BUYER: Jason Buechel - Whole Foods (@WholeFoods) SELLER: Jodie W. McLean (@JodiewMclean) - EDENS (@WeAreEdens) SALE PRICE: $21,000,000 SF: 97,674 ~ PPSF: $215 NOTE: Whole Foods Market has purchased downtown Miami's Met 3 retail space for $21 million from EDENS affiliate SE 2nd St (EDENS) LLC. The 97,674 sq ft property, including basement parking, was previously sold for $19.63 million in 2015 and is now owned by GBD Properties, an affiliate of Whole Foods.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,120,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$74,608.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$99,550.71
Annual Debt Service$1,194,608.56