SOLD
Marcus & Millichap Sells Vacant Retail Property In Miami Beach For $6M
624 Collins Avenue
Retail
8,450 SF
8,450 SF
Sold 290 days ago
Summary
Sale
FLORIDA
Retail
8,450 sqft
Marcus & Millichap has sold a vacant retail property located at 624 Collins Avenue in South Beach, Miami Beach. The sale price for the property was $6,000,000, with a total square footage of 8,450. This equates to a price per square foot of $710.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $6,000,000
- Address: 624 Collins Avenue, Miami Beach
- Market: Miami Beach
The buyer of the property was 624 Collins Ave LLC, while the seller was ARC PE. The transaction was facilitated by Drew A. Kristol and Kirk D. Olson from Marcus & Millichap.
624 Collins Ave LLC plans to renovate and re-tenant the vacant retail property, which is located near the beach.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Drew A. Kristol & Kirk D. Olson
DATE: 07/17/2023
ADDRESS: 624 Collins Avenue
MARKET: Miami Beach
ASSET TYPE: Retail
BUYER: 624 Collins Ave LLC
SELLER: ARC PE
BROKERS: Drew A. Kristol & Kirk D. Olson - Marcus & Millichap (@MarcusMillichap_Fl)
SALE PRICE: $6,000,000
SF: 8,450 ~ PPSF: $710
NOTE: Marcus & Millichap has sold a vacant retail property on Collins Avenue in South Beach for $6 million. The buyer, 624 Collins Ave LLC, plans to renovate and re-tenant the prime asset located near the beach.View on map
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Address624 Collins Avenue
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