Lee & Associates South Florida Announces Sale of Commercial Property in Miami Opportunity Zone for $1.45M
Commercial Property Sells for $1.45M | 2230 NW 95th Street, Miami, FL
Lee & Associates South Florida Announces the Sale of a 11,400 SF Commercial Property in Opportunity Zone for $1.45 MM
MIAMI, Florida—June 25, 2020—Lee & Associates South Florida announces the sale of a 11,400 SF flexible-use commercial property located in an opportunity zone at 2230 NW 95th Street, Miami, Florida. The property closed on June 12th, 2020 for $1.45 MM.
The property consists of a total of 11,400 SF on 0.66 acres located near the signalized corner of NW 95th Street and NW 22nd Ave adjacent to a Chevron flag in one of Miami's targeted Opportunity Zones. The building was recently redeveloped and delivered as vanilla shell with a newly paved and striped parking lot. The property's location is in one of Miami’s opportunity zones in an emerging neighborhood within the North Central Urban Area District with a diverse demographic profile and is projected for significant growth evidenced by recent developer activity in the area.
Lee & Associates South Florida Vice President, Calum Winsor, represented the seller, Delan Investment, LLC, and the buyer JMCG Corporate Buildings, LLC was represented by SoFlo Realty, Inc.
With a post COVID-19 closing, the buyers were able to successfully secure financing for their acquisition as much uncertainty continues to resonate through a rocky economy. Impacts to commercial and construction lending have been seen as financial fallout from the pandemic continues to reveal itself.
Calum Winsor
Vice President
