Lombardi Properties & Bayshore Investment Partners Sell Retail Property In Miami For $5.75M

An 6,950 square foot retail property located at 12441 S Dixie Hwy in Miami has been sold for $5,750,000. The property was sold by Lombardi Properties and Bayshore Investment Partners. The sale was facilitated by Marcus & Millichap, with brokers Alex Zylberglait, Drew A. Kristol, and Kirk D. Olson representing the sellers.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $5,750,000
• Date: 02/25/2022
• Address: 12441 S Dixie Hwy
• Market: Miami
• SF: 6,950
• PPSF: $827

This transaction highlights the successful sale of a retail property in Miami. The sellers, Lombardi Properties and Bayshore Investment Partners, enlisted the expertise of Marcus & Millichap's brokers, Alex Zylberglait, Drew A. Kristol, and Kirk D. Olson, to facilitate the sale. The property's attractive characteristics, including its size of 6,950 square feet and a price-per-square-foot of $827, contributed to the transaction's success.