NAI Miami, a member of the world’s premier managed network of commercial real estate firms, announced today the team of Jeremy Larkin and Jospeh Gallaher recently negotiated the sale of The Shoppes of Old Cutler located at 20210 - 20236 Old Cutler Road in Cutler Bay, Florida. The seller was Lider Net Mall, LLC and the new buyer is New Cutler Bay Shops, LLC. The sale price was $4,875,000 or approximately $330.00 per square foot.
Shoppes of Old Cutler was originally developed by NAI Miami for Old Cutler, LLC in 2005 and was sold by the Larkin/Gallaher Team in 2012 for $3,500,000 to Lider Net Mall, LLC. Since developing the shopping center, NAI Miami leased and managed the nearly 15,000 square foot retail strip center maintaining its occupancy levels close to 100% since it opened for business.
About NAI Miami
NAI Miami is a commercial real estate organization with the passion, dedication and expertise to realize maximum potential and generate creative solutions for our clients worldwide. Our collaborative services platform provides an expansive, yet nimble responsive structure enabling us to efficiently deliver superior results. To learn more, visit www.naimiami.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing over 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com or www.naiglobalnewslink.com.