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Harbour Outdoor Acquires Mixed-Use Property On NE 38th St. In Miami For $6.5M

170 Northeast 38th Street
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This Mixed-use property located in FL was sold for $6,500,000 over 2 years ago. The brokers of the deal were Devlin Marinoff, Tony Arellano, and Jake Zacuto

Harbour Outdoor has acquired a mixed-use property located at 170 NE 38th St. in Miami, FL. The transaction, completed on August 20, 2021, was facilitated by Jake Zacuto of DWNTN Realty Advisors, who represented the buyer. The seller, Arnaud Sitbon, was represented by Tony Arellano and Devlin Marinoff, also from DWNTN Realty Advisors.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $6,500,000
  • Address: 170 NE 38th St.
  • Market: Miami, FL
  • Square Footage: 10,250
  • Price Per Square Foot: $634

The deal was financed by City National Bank, with Ray Rowshankhah overseeing the lending process. The involvement of City National Bank provided the necessary funds for Harbour Outdoor to complete the transaction.

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Deals
  • Location
    170 Northeast 38th Street170 Northeast 38th Street
  • Sale Price
    $6,500,000$6,500,000
    $634 PPSF$634 PPSF
  • Area
    10,250 SF10,250 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    3 Brokers, 2 Agencies, 1 Lender3 Brokers, 2 Agencies, 1 Lender

Agents

Devlin Marinoff

Devlin Marinoff

Deals29
Sold$390.4M

Jake Zacuto

Jake Zacuto

Deals42
Sold$267.4M

Agencies

DWNTWN Realty Advisors

DWNTWN Realty Advisors

Agency
Deals99
Volume$924.7M

Zacuto Group

Zacuto Group

Agency
Deals98
Volume$591.4M

City National Bank

City National Bank

Lender
Deals26
Volume$ 255.9B

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Deal Summary

SALE IMAGE: Jake Zacuto & Ray Rowshankhah DATE: 08/20/2021 ADDRESS: 170 NE 38th St. MARKET: Miami, FL ASSET TYPE: Mixed-use BUYER: Harbour Outdoor SELLER: Arnaud Sitbon BUYER'S REP: Jake Zacuto (@ZacutoGroup) SELLER'S REP: Tony Arellano & Devlin Marinoff - DWNTN Realty Advisors LENDER: City National Bank - Ray Rowshankhah (@Ramin.Rowshankhah) SALE PRICE: $6,500,000 SF: 10,250 ~ PPSF: $634

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170 Northeast 38th Street

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