Core Acquires Retail Property On Southwest Eighth Street In Miami For $19M

The retail property located at 9720 Southwest Eighth Street in Miami has been sold in a transaction that took place on June 8, 2021. The property, covering an area of 60,692 square feet, was sold by the seller, Orion Real Estate Group, represented by Joseph Sanz. The buyer, Core, was represented by Adam Greenberg and Michael Lapointe. The sale price for the property was $19,000,000, resulting in a price per square foot of $313. The property sits on a 4.7-acre lot, with a price per acre of $4,042,553.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $19,000,000
• Square Footage: 60,692
• Address: 9720 Southwest Eighth Street, Miami
• Market: Miami

The buyer of the property, Core, was represented by Adam Greenberg and Michael Lapointe. On the other hand, the seller, Orion Real Estate Group, was represented by Joseph Sanz. This transaction represents a significant deal in the retail market, further emphasizing the robust real estate activity in Miami.