Publix Acquires Retail Asset At 5705 Northwest 7th Street In Miami For $83.25M

The retail property located at 5705 Northwest 7th Street in Miami was sold for $83,250,000. The asset encompasses 171,443 square feet, equating to a price per square foot of $485.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $83,250,000
• Address: 5705 Northwest 7th Street
• Market: Miami
• Square Footage: 171,443
• Price per Square Foot: $485
• Buyer: Publix
• Seller: First Washington Realty
• Brokers: Danny Finkle, Jorge Portela, Kim Flores, Evan Lahr & Jacob Wise - JLL

The sale involved Publix as the buyer and First Washington Realty as the seller. The transaction was facilitated by a team of brokers from JLL, comprising Danny Finkle, Jorge Portela, Kim Flores, Evan Lahr, and Jacob Wise.