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Aug 1, 2016

The Vizzda Weekly - South Florida- August 1st, 2016

Miller Construction
 
THE VIZZDA WEEKLY
August 1st, 2016
 
Last week in South Florida, Vizzda tracked $296,820,679 in commercial transactions,
including 3 new commercial projects and 49 sales. Below are reports for five of those events.
 
LAND
 
 
Spotlight
Self Storage Land in Miami Purchased for $2.5M  
 
On July 22nd, Alex Mantecon purchased this 1.37 acre land proposed for a 200 unit self storage from Orlando Portela for $2,500,000.
 
(1 of 8 land sales last week)
 
 
OFFICE
 
 
Spotlight
Three Story Office in Miami Purchased for $5.5M
 
On July 26th, Gerardo Portilla acquired this property from Aida Murguia for $5,520,000, with $4,760,000 in new debt with JPMorgan Chase Bank, maturing on7/15/2026.
 
(1 of 14 office sales last week)
 
 
MULTIFAMILY
 
 
Spotlight
30-Unit Apartment Complex in Coral Springs Purchased for $3.75M 
 
On 7/25/2016, Symphony Residential, Zane and Sharon Henley acquired this property from L&H Land Corp for $3,750,000, with $3,000,000 in new debt with Hunt Mortgage Group. 
 
(1 of 8 multifamily sales last week)
 
 
INDUSTRIAL
 
 
Spotlight
Hialeah Warehouse Alongside Railroad Purchased for $750K

On July 28th, Esmeralda Ulloa purchased this 10,309 SF industrial property for $750k from Yamilet Medina.

(1 of 6 industrial sales last week)

View Full Report
 
RETAIL
 
 
Spotlight
Twin Peaks Restaurant in West Palm Beach Purchased for $5.065M
 
On July 25th, Bruce Arbeiter acquired this 10,679 SF retail property from Jafrejo Holdings for $5,065,000, with $1,700,000 in new debt with Valley National Bank.
 
(1 of 13 retail sales last week)
 
 
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