Fuse Group Investment Companies Acquires Greenwich Studios In North Miami For $10.5M
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This Mixed-use property located in FL was sold for $10,500,000 almost 4 years ago. The brokers of the deal were Devlin Marinoff and Tony Arellano
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- Location12100 Northeast 16th Avenue, North Miami, FL 33161
- Sale Price$10,500,000$229 PPSF
- Area45,758 SF
- Asset TypeMixed-use
- Parties2 Brokers, 1 Agency
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Deal Summary
SALE
IMAGE: Tony Arellano, P.A. & Devlin Marinoff
DATE: 06/07/2021
ADDRESS: 12100 NE 16th Ave
MARKET: North Miami
ASSET TYPE: Mixed-use
BUYER: Fuse Group Investment Companies
SELLER: Greenwich Studios
BROKERS: Tony Arellano, P.A. & Devlin Marinoff - DWNTWN Realty Advisors
SALE PRICE: $10,500,000
ACRES: 2.77 ~ PPA: $3,790,614
NOTE: DWNTWN Realty Advisors, LLC. has brokered an off market transaction for $10,500,000. Greenwich Studios historically known as Ivor Tors Studio. This assemblage has over 45,000 SF of studio space on 2.77 acres. Located in North Miami, Fuse Group Investment Companies is planning to create a new urbanist town center with a significant multi-family development of
over 400 units in addition to a class A creative adaptive re-use of the studio facilities.
Greenwich Studios, was home to blockbuster productions such as Flipper, Something About Mary, Miami Vice, and Striptease in addition to many more. The Fuse Group Investment Companies will be looking to honor the past while looking forward to a development program that will add value to the City of North Miami.
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12100 NorthEast 16th Avenue
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