Aaron Labovitz & Brandon Lumish Of ABL Real Estate Partners Acquire Retail Property In Pinecrest For $4M

The retail property located at 8425 Southwest 132nd Street in the Pinecrest market has been sold for $4,000,000. The asset spans 12,466 square feet, with a price per square foot of $320. The land associated with the property is 35,949 square feet, priced at $111 per land square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,000,000
• Buyer: Aaron Labovitz & Brandon Lumish - ABL Real Estate Partners
• Seller: Kenneth Fleisher
• Square Footage: 12,466
• Price per Square Foot: $320
• Land Square Footage: 35,949
• Price per Land Square Foot: $111

ABL Real Estate Partners acquired the property off-market directly across from the University of Miami's planned Pinecrest Medical Center site. The firm is planning a facelift to the property. Please reach out to @blumish to learn more.