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Walgreens Sells Retail Property Near Coral Gables For $12.7M

Property Image
SOLD
$12,700,000

Florida

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Retail12,900 SF
Sold 09/27/2023
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Property Image
SOLD

Walgreens Sells Retail Property Near Coral Gables For $12.7M

3490 Bird Avenue

See Similar Deals
Retail12,900 SF
Sold 09/27/2023
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$984
Total Square Footage:12,900 SF
Transaction Type:Sale

The retail property located at 3490 Bird Avenue in Miami has been sold for $12.7 million. The property spans 12,900 square feet and is situated on a 1-acre lot. The sale price equates to a price per square foot of $984. The transaction involved Walgreens, who sold the property, and Steve Creekmore, the buyer.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $12,700,000
  • Address: 3490 Bird Avenue
  • Market: Miami
  • Acreage: 1
  • Square Footage: 12,900
  • Price per Square Foot: $984
  • Buyer: Steve Creekmore
  • Seller: Walgreens

Walgreens continues its South Florida property sales with the recent sale of this retail building near Coral Gables. This transaction marks the tenth sale made by Walgreens in the past 10 months. Additionally, as part of the deal, Walgreens has signed a new 15-year lease with 5 percent rental rate increases every five years.

Players

Rosalind Brewer
Walgreens
Rosalind Brewer
5 deals$74.2M volume
SELLER

Details

SOLD
IMAGE: Rosalind Brewer DATE: 09/27/2023 ADDRESS: 3490 Bird Avenue MARKET: Miami ASSET TYPE: Retail ~ ACRES: 1 BUYER: Steve Creekmore SELLER: Walgreens (@Walgreens) - Rosalind Brewer SALE PRICE: $12,700,000 SF: 12,900 ~ PPSF: $984 NOTE: Walgreens continues its South Florida property sales, with the recent sale of a retail building near Coral Gables marking its tenth sale in 10 months. The 12,900-square-foot property at 3490 Bird Road was purchased for $12.7 million, and Walgreens signed a new 15-year lease with 5 percent rental rate increases every five years.

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