Allied Partners’ Eric Hadar with 501-509 Collins Avenue (Allied Companions, Google Maps)
A member of New York’s Kalimian spouse and children manufactured a retail financial commitment at the entrance of South Seashore.
Debra Kalimian of A&R Kalimian Realty, by an affiliate, bought the 24,000-sq.-foot Walgreens creating at 509 Collins Avenue from New York-centered Allied Partners, according to documents. The two-story constructing was produced in 1995 on .3 acres. It is unclear if the buy is by Debra Kalimian on your own or on behalf of the complete relatives, which typically owns New York real estate assets.
The buyer assumed a $21.1 million loan Allied experienced on the residence with Wells Fargo Lender by a business home loan-backed securities have confidence in.
Ronnie Issenberg and Gabriel Britti ended up portion of the Marcus & Millichap workforce that represented the seller. Jason Maier of Stan Johnson Corporation represented the consumer.
The deal marks the 2nd time the developing trades in three yrs, despite the fact that it did not clearly show a substantial get in worth. Allied Companions, led by Eric Hadar, had compensated $33 million for the assets in 2019.
The Kalimian have a extended history of genuine estate expenditure in New York. This summer, A&R Kalimian bought a West Village condominium making at 259 West 10th Road for $31.5 million. Also, Albert Kalimian scored a $240 million financial loan for the purchase of a 75-p.c stake in the Flatiron workplace setting up at 79 Fifth Avenue, marking the most important actual estate financial loan in Manhattan in June.
The loved ones also was thrust in unwanted headlines this month, when the Day by day Beast documented a lawful feud involving Albert Kalimian and his nephew Justin Amirian. The late Roy Kalimian started off the family’s true estate small business. His youngsters are Albert and Debra Kalimian, as properly as Rita Sakhaie and Edna Amirian, who is Juston Amirian’s mom.
Miami-Dade County’s retail sector has remained somewhat flat, with a full emptiness fee of 3.5 per cent in the 3rd quarter, the same as the past quarter and down from 3.8 % yr-more than-12 months, in accordance to Colliers.
The Walgreens deal is not the only tiny retail assets to trade in Miami Seashore lately. In September, investor Robert Shor paid out $10 million for the vacant building at 1665 Alton Road, with designs to open up an Ace Hardware retail outlet at the internet site.
