Agustin Herran Of Sedano’s Supermarkets Acquires Retail Center In Miami For $32M

The retail center located at 8601 Bird Road in Miami, FL, spans an area of 107,034 square feet and encompasses 8.7 acres. Sedano’s Supermarkets purchased the asset from Amdur Management for $32,000,000. The transaction involved an existing loan with Ocean Bank, which was assumed and increased to a total of $40.1 million.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $32,000,000
• Buyer: Agustin Herran - Sedano’s Supermarkets
• Seller: Isabelle Amdur - Amdur Management
• Lender: Ocean Bank
• Square Footage: 107,034
• Price Per Square Foot: $299
• Acres: 8.7

The acquisition highlights a trend where grocery chains are purchasing the shopping centers they occupy, a strategy previously seen with companies like Publix and Whole Foods. This move reinforces Sedano’s Supermarkets' commitment to its operational base within Miami-Dade County.