1201 US-1

  • $36235000
The Mixed Use property located in Miami that spans 120,474 square feet sold for $36,235,000 or $300.8 PSF. The deal closed 8 days ago. The brokers of the deal were Eric Williams

Building Info

  • Units:
  • Property Type: Mixed Use
  • Square Feet: 120474

Location

  • Address 1201 U.S. 1, North Palm Beach, FL, USA
  • City Miami
  • State/county Florida
  • Zip/Postal Code 33408
  • Country United States

Description

SALE
IMAGE: Robert Rivani
DATE: 11/23/2021
ADDRESS: 1201 US-1
MARKET: North Palm Beach
ASSET TYPE: Mixed-use

BUYER: Rick Baer
SELLER: Robert Rivani (@Robert_Rivani) – Black Lion Investment Group
BROKER: Eric Williams – JLL

SALE PRICE: $36,235,000
SF: 120,474 ~ PPSF: $301

NOTE: Black Lion Investment Group purchased Crystal Cove Commons in 2017 for $14,000,000 and invested millions of dollars into capital improvements to transform the property into one of the most appealing shopping and office centers in northern Palm Beach County

“The buyer will be able to build upon Black Lion’s work to improve this asset over the last several years,” said Robert Rivani, president of Black Lion. “Our substantial investment in transforming Crystal Cove Commons from a neighborhood shopping center into an outdoor dining and retail experience will behoove the new owners who will enjoy reliable rent income for years to come.”

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