LOCAL INVESTOR CLOSES ON former Midas Retail Site next to SW 8 ST for $1.575MM
Apex Capital Realty’s Miguel Pinto Brokered the Deal
Apex Capital Realty’s Miguel Pinto acted as the sole broker in the 5,718 SF retail building deal at 900 S Le Jeune RD in Miami, FL which closed for $1,575,000 on Friday.
Coral 900 LLC. which controlled by Christian Vasquez, purchased the 5,718 Square Foot retail site from the HAROLD NOORDHOEK Revocable Trust.
“Appetite for investment of retail buildings that house essential businesses continues to be strong! Investors are migrating from high yield restaurants to and shifting their strategy to investing in real estate that house pharmacies, automotive real estate, medical use and drive thru restaurant buildings. “said Miguel Pinto.
The 2-parcel site which formerly was being operated as a Midas, is located on Le Jeune RD which serves as the west artery to Coral Gables, makes it a desirable site for all retail uses. The site is visible to over 34,000 vehicles per day and is shadow anchored by a CVS and a McDonald’s.