Trending...
- The Tide Project Opens at Biennale Architettura 2025 in Venice Amplifying Youth Voices
- Addressing the Needs of Aging Parents with Assisted Living in Plymouth
- $56.7 Million Announced in Q1 2025 with Revenue Growth and Progress Toward NASDAQ Uplisting for AI Marketing Company: IQSTEL, Inc. Stock Symbol: IQSTD
MIAMI - Michimich -- GP Global Group-Real Estate Consultants, a leading real estate brokerage firm, is pleased to announce the successful negotiation of the sale of Shoppes at 41st Street, a retail plaza located in the highly desirable area of Doral, Florida. The property features 13 tenants and spans 30,886 square feet, with two single-story buildings situated on a 2.56-acre parcel. The plaza is located on the north side of NW 41st Street (Doral Boulevard), between NW 107th Avenue to the west and NW 102nd Avenue to the east. The final sale price was finalized at $18 million, with the buyer assuming an $11.5M CMBS loan.
Representing the seller, GP Global Group's Jose Garanton, Ernesto Pentenero, and Mario Ruiz skillfully negotiated the sale of the well-located Street Center, which was highly sought after by local and foreign investors. The property is situated in a high-traffic area of the vibrant Doral with strong population demographics, and the sale is a testament to the increasing demand for supply-constrained assets of this nature.
Since acquiring the trophy asset in 2014, GP Global Group has also acted as the property and asset manager for the center, successfully keeping the vacancy rate under 2% and negotiating all existing leases, including bringing in new national tenants like T-Mobile and other well-known local brands. This re-tenanting effort has made Shoppes at 41st Street an extremely relevant and important retail center in the Doral marketplace since 2000, reflected in the plaza's 100% occupancy rate at the time of the sale. Additionally, GP Global Group successfully kept the same CAM cost throughout their years managing the property, demonstrating their proficiency in property management.
More on Michimich.com
"We are thrilled to have facilitated the sale of such a prominent plaza in the heart of the City of Doral, and we are confident that the new owners are investing in an excellent asset," said Garanton. "Both the seller and buyer worked professionally and cohesively through the issues that inevitably surface during due diligence and financing for a deal of this size and profile," added Pentenero. "Our team collaborated closely with the seller to secure mutually advantageous terms for all parties involved," added Ruiz.
Pleased to be able to provide an outstanding return on this investment for their client, GP Global Group looks forward to continuing to serve the needs of its clients in the Miami area and beyond.
For more information about GP Global Group and its services, please visit http://www.gpglobalgroup.com
Representing the seller, GP Global Group's Jose Garanton, Ernesto Pentenero, and Mario Ruiz skillfully negotiated the sale of the well-located Street Center, which was highly sought after by local and foreign investors. The property is situated in a high-traffic area of the vibrant Doral with strong population demographics, and the sale is a testament to the increasing demand for supply-constrained assets of this nature.
Since acquiring the trophy asset in 2014, GP Global Group has also acted as the property and asset manager for the center, successfully keeping the vacancy rate under 2% and negotiating all existing leases, including bringing in new national tenants like T-Mobile and other well-known local brands. This re-tenanting effort has made Shoppes at 41st Street an extremely relevant and important retail center in the Doral marketplace since 2000, reflected in the plaza's 100% occupancy rate at the time of the sale. Additionally, GP Global Group successfully kept the same CAM cost throughout their years managing the property, demonstrating their proficiency in property management.
More on Michimich.com
- Nifty Hoops Highlights the Role of High Tunnels in Boosting Plant Health
- Mussio Painting Shares When to Touch Up Your Walls and When to Call Professional Painters
- Fairmint Introduces First Fully Onchain and Open Cap Table Infrastructure
- Vortex Brands Begins Gold Purchases Under New Joint Venture with Dubai-Based Partner
- NBA Champion Lamar Odom Launches Anti-Addiction Meme Coin, Ushering in a Disruptive Innovation in Web3
"We are thrilled to have facilitated the sale of such a prominent plaza in the heart of the City of Doral, and we are confident that the new owners are investing in an excellent asset," said Garanton. "Both the seller and buyer worked professionally and cohesively through the issues that inevitably surface during due diligence and financing for a deal of this size and profile," added Pentenero. "Our team collaborated closely with the seller to secure mutually advantageous terms for all parties involved," added Ruiz.
Pleased to be able to provide an outstanding return on this investment for their client, GP Global Group looks forward to continuing to serve the needs of its clients in the Miami area and beyond.
For more information about GP Global Group and its services, please visit http://www.gpglobalgroup.com
Source: GP Global Group - Real Estate Consultants
Filed Under: Business
0 Comments
Latest on Michimich.com
- Cybersecurity is Protecting Your Personal Information and Your Portfolio
- EY US names Tifiany Walker of Walker Healthforce a finalist for Entrepreneur Of The Year® 2025 Michigan and Northwest Ohio Award
- Michigan Lawn Care Company Begins May Treatment
- Boat Dock Manufacturer Gives Design Tips for Summer!
- L2 Aviation Celebrates Grand Opening of New Facility at Cincinnati/Northern Kentucky International Airport (CVG)
- Managing Summer Staffing Surges with Confidence: Why Name Badges Are a Must for Seasonal Success
- Visa Named Title Sponsor of Ascending Athletes' Business Owners Summits for NFL Entrepreneurs
- L-Tron Team to Attend the 2025 Automate Conference in Detroit, MI
- The Paris Court of International Arbitration Elects Dr. John J. Maalouf as its New President
- $56.7 Million Announced in Q1 2025 with Revenue Growth and Progress Toward NASDAQ Uplisting for AI Marketing Company: IQSTEL, Inc. Stock Symbol: IQSTD
- SAVVY MINING raised $500 million and launched BTC.XRP.DOGE cloud mining, increasing investors' returns by 30%
- Centaris Acquires Hi-Tech System Service, Inc. to Expand Regional Footprint and Capabilities
- Celebrate Mother's Day with family dining options from Frankenmuth's Bavarian Inn Restaurants
- New National Nonprofit Launches to Capture Firsthand Accounts of Adoption Stories
- The Tide Project Opens at Biennale Architettura 2025 in Venice Amplifying Youth Voices
- Wall Street analysts say BTC.XRP.DOGE cloud mining company SIX MINING is expected to achieve a 5-fold increase, allowing users to easily mine BTC
- Gen X Takes The Reins: New Book Guides Caregivers Juggling Parents, Kids, And Grandkids With Humor And Heart
- Fray Fitness Launches Memorial Day Sale and Veteran Organization Giveaway
- ABM for Good™ Launches First Project with Build Change
- SLP Couture Presents "Murderous Love"