Miami Design District Associates & Dacra Acquire Retail Building In Miami Design District For $18M | 80 Northeast 40th Street | Retail | Sale

Summary

Sale

FLORIDA

Retail

7,985 sqft

The retail building located at 80 Northeast 40th Street in Miami was sold for $18 million. Spanning 7,984 square feet, the property was purchased by Miami Design District Associates from ASG Equities. The transaction resulted in a price per square foot of $2,255.

Summary of transaction details:

Property Type: Retail
Transaction Amount: $18,000,000
Buyer: Craig Robins - Dacra; L Catterton Real Estate - Miami Design District Associates
Seller: Raymond Gindi - ASG Equities
Market: Miami

Craig Robins, representing Dacra, and L Catterton Real Estate, part of Miami Design District Associates, acquired the retail building in Miami. Raymond Gindi, from ASG Equities, was the seller in the transaction. The sale solidified Miami Design District Associates' ownership within the luxury shopping destination, expanding their presence in the district.

Details

Deal Summary

SOLD

IMAGE: Raymond Gindi & Craig Robins DATE: 03/25/2024 ADDRESS: 80 Northeast 40th Street MARKET: Miami ASSET TYPE: Retail BUYER: Craig Robins (@CraigRobins) - Dacra; L Catterton Real Estate - Miami Design District Associates SELLER: Raymond Gindi - ASG Equities SALE PRICE: $18,000,000 SF: 7,984 ~ PPSF: $2,255 NOTE: Miami Design District Associates acquired a retail building for $18 million within the district, adding to its majority ownership in the luxury shopping destination. The purchase follows the property's sale from ASG Equities, known for owning the Century 21 department store in New York.

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Address80 Northeast 40th Street

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