Author: Dwntwn Realty Advisors This post originally appeared on Miami CRE Brokers and is republished with permission. Find out how to blog with us on theBrokerList.
In a landmark Miami Design District commercial real estate sale, DWNTWN Realty Advisors successfully brokered a $14 million transaction at 70 NE 40th Street. This case study explores how DWNTWN’s expertise in luxury retail property transactions led to a successful outcome, representing both the buyer and seller in this prime Miami location.
Miami Design District Commercial Real Estate Sale: Project Overview
- Location: 70 NE 40th Street, Miami Design District, Florida
- Transaction Value: $14 million
- Zoning/Category: Commercial/Luxury Retail
- Buyer: Craig Robins
- Seller: ASG Equities (Gindi Family)
- Property Size: 4,500 SF
- Lot Size: 5,000 SF
- Occupancy: 100%
- Zoning: T5-O (High-Density Mixed-Use Zoning)
Key Features:
- Prime location in the Miami Design District
- Second-time representation for both buyer and seller
- High-value luxury retail property
Understanding the Miami Design District Transaction
This high-profile sale in the Miami Design District’s commercial real estate market was notable for its significant value and the repeat nature of the client relationships. DWNTWN Realty Advisors navigated the complex task of representing both parties while ensuring a fair deal. The transaction underscored the Design District’s status as a prime destination for luxury retail properties and highlighted DWNTWN’s ability to handle sophisticated deals with discerning clients.
DWNTWN’s Expertise in Luxury Retail Property Transactions
DWNTWN Realty Advisors brought a wealth of experience in Miami’s high-end commercial real estate market to this transaction. Their approach combined in-depth market knowledge, precise valuations, and strong negotiation skills. By leveraging their established relationships with both Craig Robins and ASG Equities, DWNTWN provided personalized service that addressed the unique needs of each party.
Benefits of the Miami Commercial Property Sale
The successful conclusion of this $14 million deal yielded numerous benefits:
- Strategic Location: 70 NE 40th Street sits in the heart of the Miami Design District, a global luxury retail hub.
- Market Potential: The Design District’s continued growth ensures the property’s long-term appreciation and attractiveness for high-end tenants, reinforcing its position as a prime investment area for commercial real estate, particularly in the luxury retail sector.
- Portfolio Expansion: The transaction allowed Craig Robins to strategically expand his portfolio in this key Miami neighborhood while providing ASG Equities with a profitable exit from their investment.
- Repeat Clients: By facilitating multiple transactions for both the buyer and seller, DWNTWN Realty Advisors has strengthened its client relationships, securing future business opportunities through trusted partnerships.
- Ongoing Development: The deal contributed to the continued development and value appreciation in the Design District, positioning the property for long-term growth in this thriving market.
- Under-Market Rent Potential: The property, fully leased to high-end tenants, offers significant upside for the buyer, as current rental rates are below market.
- Tax Incentives: The property is in an Opportunity Zone, offering the potential for capital gains tax deferral or reduction for property redevelopment.
Securing the Miami Design District Real Estate Transaction
DWNTWN’s process for facilitating this high-value sale was comprehensive and meticulous:
- Consultation: The process began with in-depth consultations with both clients to fully understand their objectives.
- Market Analysis: The team conducted a thorough analysis of Design District commercial real estate trends, ensuring accurate property valuation based on current luxury retail market conditions.
- Negotiation: DWNTWN leveraged its unique position as a trusted advisor to both parties, facilitating productive discussions that led to mutually beneficial outcomes.
- Due Diligence & Closing: The process culminated in a rigorous due diligence phase and a smoothly coordinated closing.
- Opportunity Zone Advantage: DWNTWN helped the buyer understand the tax incentives available due to the property’s location in an Opportunity Zone, adding an extra layer of value to the transaction.
Results and Satisfaction in Miami Retail Property Deal
The successful completion of this $14 million Miami Design District commercial real estate sale further cemented DWNTWN Realty Advisors’ reputation as a leader in high-value commercial transactions. Both Craig Robins and ASG Equities expressed high levels of satisfaction with the seamless handling of the deal, commending DWNTWN’s professionalism and deep market insights. This transaction not only met but exceeded client expectations, reinforcing DWNTWN’s status as the premier advisor for premium real estate deals in Miami’s most coveted neighborhoods.
Explore Miami Design District Commercial Real Estate Opportunities
Are you looking to capitalize on the thriving Miami Design District commercial real estate market? Let DWNTWN Realty Advisors guide you through your next high-value transaction. Contact us today at 305.647.0999 to leverage our expertise in Miami’s luxury retail property landscape and unlock exceptional opportunities in this dynamic market.
