Alex Pirez Acquires Retail Property In Miami From Terra Group & Related Group For $5.5M
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This Retail property located in FL was sold for $5,500,000 over 2 years ago. The brokers of the deal were Sebastian Faerman and Fabio Faerman
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- Location3321 Mary Street, Miami, FL, USA
- Sale Price$5,500,000$959 PPSF
- Area5,731 SF
- Asset TypeRetail
- Parties2 Brokers, 1 Agency
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Deal Summary
SALE
IMAGE: Sebastian Faerman & Fabio Faerman
DATE: 11/16/2021
ADDRESS: 3321 Mary St
MARKET: Miami
ASSET TYPE: Retail
BUYER: Alex Pirez
SELLER: Terra Group & Related Group
BROKERD: Fabio & Sebastian Faerman - FA Commercial (@FACommercial)
SALE PRICE: $5,500,000
SF: 5,731 ~ PPSF: $960
NOTE: Fabio and Sebastian Faerman of FA Commercial at Fortune International Realty represented the developer groups Related-Terra in the sale of the Coconut Grove property of 5,731 SF with 1,000 SF of additional outdoor space/ seating for $5,500,000. This marks the second transaction in 1 week in the same building, selling out the commercial units in the park grove residences.
The Related-Terra venture also sold the retail condo on the ground floor of Park Grove Residences, a three-tower luxury condo development, to a Mexican investment group for $6 million. That space spans just under 10,000 square feet, he said. FA Commercial represented the buyer and seller in that deal.
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3321 Mary Street
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