The Gebbia Family Acquires Retail Property On Collins Avenue In Miami Beach For $6.8M

The Gebbia Family, including John Gebbia Jr., David Gebbia, John Gebbia Sr., and Richard Gebbia, recently purchased a retail property located at 653 Collins Avenue in Miami Beach's South Beach market. The property spans 12,000 square feet and was sold by City National Bank of Florida Trust. The purchase was facilitated by the buyer's representatives, Katrina Campins from The Campins Company, and Mauricio Zapata & Lyle Chariff from Chariff Realty Group. The seller was represented by Charles Silver from Big Box Broker. The transaction took place on January 3, 2022, with a sale price of $6,800,000, resulting in a price per square foot of $567.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $6,800,000
• Address: 653 Collins Avenue
• Market: Miami Beach, South Beach

The Gebbia Family, consisting of John Gebbia Jr., David Gebbia, John Gebbia Sr., and Richard Gebbia, acquired the retail property at 653 Collins Avenue in Miami Beach's South Beach market. The property measures 12,000 square feet and was purchased from City National Bank of Florida Trust for a total of $6,800,000, equivalent to a price per square foot of $567. Representing the buyer in the transaction were Katrina Campins from The Campins Company and Mauricio Zapata & Lyle Chariff from Chariff Realty Group, while Charles Silver from Big Box Broker acted as the seller's representative.