Retail Ocean Acquires Land - Retail At 1101 South Miami Avenue In Brickell, Miami From CMC Group For $6.5M

1101 South Miami Avenue in Brickell, Miami has been sold in a recent transaction. The property, which is classified as Land-Retail, was sold for a price of $6,500,000. The sale took place on May 19, 2021.

Summary of transaction details

• Property Type: Land - Retail
• Sale Price: $6,500,000
• Transaction Date: May 19, 2021
• Address: 1101 South Miami Avenue, Brickell, Miami
• Market: Brickell, Miami

The buyer of the property is Retail Ocean, while the seller is CMC Group. Representing the buyer in the transaction are Fabio & Sebastian Faerman from Acommercial at Fortune International Realty. Chris Suarez acted as the seller's representative.

The sale of 1101 South Miami Avenue marks a significant transaction in the Brickell area. With its prime location and potential for retail development, the property attracted the attention of Retail Ocean, who saw the value in acquiring the land. On the other hand, CMC Group made the decision to sell, benefiting from the appreciation in the market value of the property. This transaction showcases the expertise and negotiation skills of Fabio & Sebastian Faerman from Acommercial at Fortune International Realty, who successfully represented Retail Ocean in the deal.