Black Lion Investment Group Acquires Retail Property In Miami For $13.25M
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This Retail property located in FL was sold for $13,250,000 almost 4 years ago. The brokers of the deal were Devlin Marinoff and Tony Arellano
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- Location50 Northwest 24th Street, Miami, FL 33127, USA
- Sale Price$13,250,000$288 PPSF
- Area46,000 SF
- Asset TypeRetail
- Parties2 Brokers, 1 Agency
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Deal Summary
SALE
IMAGE: Robert Rivani
DATE: 06/07/2021
ADDRESS: 50 NW 24th St
MARKET: Miami
ASSET TYPE: Retail
BUYER: Black Lion Investment Group - Robert Rivani @Robert_Rivani
SELLER: East End Capital
BROKER: Tony Arellano - Downtown Realty Advisors
SALE PRICE: $13,250,000
SF: 23,000 ~ PPSF: $576
NOTE: @Robert_Rivani doubles down on Miami with the purchase of Wynwood Arcade a week after buying Amara at Paraiso from @related_group. The luxury class A property Wynwood Arcade builds upon his impressive portfolio of properties in South Florida now including Amara at Paraiso, the recently renovated Crystal Cove Commons, and Brickell Bay Boardwalk. “We want to have as many high-profile properties as possible in the Miami area," Rivani said.
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50 Northwest 24th Street
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