BBRE Sells Brickell Shopping Center for $15,400,000


BayBridge Real Estate Group, LLC Sells Brickell Shopping Center for $15,400,000 

MIAMI—July 1, 2011—BayBridge Real Estate Group (“BayBridge”) recently closed on the sale of the Publix-anchored shopping center located at 134 SW 13 Street and 195 SW 15 Road, Miami. The price for the entire site (retail and parking) was $15,400,000. Adam Greenberg, Managing Director of BayBridge and Mike Lapointe, VP of BayBridge, represented the seller in this transaction.

Here are some details:

  • Property Address: Brickell Area – 134 SW 13 Street and 195 SW 15 Road, Miami, FL
  • Property Type: Retail & Parking
  • Building Sq Footage: ± 38,913 SF
  • Total Lot Size: ± 2.32 Acres
  • Total Retail Tenants: 4 Tenants (Occupancy: 100%)
  • Closing Date: June 30, 2011
  • Sale Price: $15,400,000 for the entire site (Retail & Parking)
  • Cap Rate:  Approx 5.05 cap on 2011 income
  • Description: The Publix anchored center on SW 13th Street is one of the most highly trafficked shopping centers in the heart of Miami’s financial district, Brickell.



About BayBridge Real Estate Group: a boutique full service residential and commercial real estate brokerage company specializing in the Central and South Florida Markets. Offering clients a single-source service that coordinates all phases of a transaction, from strategic planning and detailed financial analysis through assignment completion, BayBridge is designed to effectively market and sell client properties and represent potential buyers in their search for specific properties.

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