Gerig Holdings’ Craig Wagener with Shoppes of Doral at 10425 Northwest 41st Street (LinkedIn, Marcus & Millichap)
An investor from north Florida offered the absolutely leased Shoppes at Doral for $15.1 million.
Gerig Holdings, led by Craig Wagener of Middleburg, Fla., bought the 16,500-square-foot assets at 10425 Northwest 41st Road, in accordance to a information release from the seller’s broker.
Resources reported the buyer is Doral Shops LLC, which state company information clearly show is led by Tomas Maliar Smolarz, a Latin American investor who lists a Dania Seaside article business office address.
Drew Kristol and Kirk Olson, the two of Marcus & Millichap, represented the vendor. Aaron Mizrahi of Common United states Realty represented the customer.
In 2001, Wagener acquired the plaza in Doral for $3.9 million from the joint venture that formulated it, according to a deed and a Marcus & Millichap launch. Antonio Fraga’s Asheville, North Carolina-based mostly FIRC Team and Demar Cash Investments, a now defunct entity led by Albert Stanton III and Steve Logan, concluded the buying centre in 1999 on 1.3 acres, data display.
Tenants contain hair salon Athletics Clips, Fuegos Del Sur restaurant, Verizon and Pan Pa Ya bakery. The browsing heart also is adjacent to a Winn-Dixie.
Across South Florida, grocery-anchored plazas have caught investors’ eyes. Shoppes at Doral very likely is reaping the positive aspects from foot targeted traffic at the close by grocery retail outlet.
The retail marketplace in general has recovered from a downturn professional through the transient 2020 shutdown. Through the tri-county area, rents rose by $3 for each sq. foot or far more in the third quarter, year-more than-year, and vacancies continued to drop.
Amid modern income of grocery-anchored procuring centers, PGIM Actual Estate paid $61.5 million previous month for the Publix-anchored Monarch City Centre at 12503-12681 Miramar Parkway in Miramar.
Also previous thirty day period, Miami Heat minority owner Ranaan Katz’s RK Centers purchased the Aldi-anchored purchasing plaza at 10790 Biscayne Boulevard and 1290 Northeast 108th Street close to North Miami for $38 million.
