Lerner Family Properties Acquires Retail Property In Wynwood For $5M

The retail property at 300 Northwest 29th Street in Wynwood has been sold in a closed transaction. The property spans approximately 5,500 square feet and was sold for a price of $5,000,000, which translates to a price per square foot of $909.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,000,000
• Address: 300 Northwest 29th Street
• Market: Wynwood
• Buyer: Lerner Family Properties
• Seller: Red Group
• Brokers: Tony Arellano & David Lerner - DWNTWN Realty Advisors

The deal was facilitated by brokers Tony Arellano and David Lerner of DWNTWN Realty Advisors. They represented their respective parties in the transaction.