Vella Group Acquires Retail Asset From East End Capital In Miami For $12.3M

The asset involved in the transaction is a retail property located at 325 Nw 24th St in the Miami market. The property was sold for a transaction amount of $12,300,000.00.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,300,000.00
• Buyer: Vella Group
• Seller: East End Capital
• Brokers: Tony Arellano (DWNTWN Realty Advisors)
• Date of Sale: 08/01/2024

The Vella Group acted as the buyer in this transaction, while East End Capital served as the seller. The brokerage services for this deal were handled by Tony Arellano of DWNTWN Realty Advisors, representing the involved parties during the negotiation and sale process.