Shawn Vardi Purchases Retail Asset At 7300 Ocean Terrace From Roni Mualem For $3.5M

The asset involved in this transaction is a retail property located at 7300 Ocean Terrace, in the Miami Beach market. The property spans 1,384 square feet and was sold for $3,500,000, equating to a price per square foot of $2,528.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,500,000
• Address: 7300 Ocean Terrace
• Market: Miami Beach
• Square Footage: 1,384
• Price per Square Foot: $2,528
• Buyer: Shawn Vardi
• Seller: Roni Mualem
• Buyer's Representative: David Kreps
• Seller's Representatives: Alan Kaye & Joseph Hamza - Transworld Commercial Real Estate

This transaction involved key individuals representing both the buyer and seller, with David Kreps acting on behalf of the buyer, Shawn Vardi. The seller, Roni Mualem, was represented by Alan Kaye and Joseph Hamza from Transworld Commercial Real Estate, adding expertise to the deal process.