Here’s what sold between $1M and $8M this week

Sales include vacant Tamiami land to likely become a Walmart and office buildings in NMB

Jun.June 02, 2015 10:30 AM

Vacant land near Tamiami sells for $4 million

A four-acre stretch of vacant land near Tamiami, which was recently sold for $4 million, is likely going to become a Walmart.

The land was sold by a Coral Gables-based company, whose managing member is Noah P. Sherry of Sherry Realty and Development.

The buyer, which brokerage Marcus & Millichap said was the developer of a national retailer, requested a variance from Miami-Dade County for water retention on the land. The variance includes site plans for a 43,101-square-foot Walmart with an attached parking lot.

The lot wraps around the existing Bank of America, which fronts Southwest 147th Avenue and Southwest 26th Street. Ryan T. Shaw of Marcus & Millichap listed the property, while Drew A. Kristol and Kirk D. Olson of the firm brought the buyer.

“The property was on the market for a couple of years prior to Marcus & Millichap obtaining the listing,” Shaw said in a statement. “We generated five offers and ultimately sold the property to a developer of a major retail tenant.”

North Miami Beach offices trade for $7 million

The Venture Medical Center, a two-building office complex in North Miami Beach, has been picked up by the Faith Investment Properties Realty Group for $7 million.

The buildings, totaling 60,000 square feet, are located a few blocks away from the Jackson North Medical Center at 16853-16855 Northeast Second Avenue.

FIP Realty purchased the complex as an addition to its medical office portfolio, which also include two office complexes on Ives Dairy Road and one off of Northeast 167th Street.

“We feel that the city of North Miami Beach is currently under-appreciated and has lots more to come in the way of development,” FIP broker Roy Faith said in a statement. “The buildings have minimal vacancy and we are already talking to a number of medical groups to lease. The buildings are situated in a great location right off the golden glades interchange, which makes it very accessible for patients and doctors.”

Flower shop in MiMo district sells for $2.75 million

Jenny’s Flowers, a local flower shop along Biscayne Boulevard in the MiMo District, has just been sold for $2.75 million.

The property, at 6807 Biscayne Boulevard, was sold along with a 3,950-square-foot parking lot at its rear and a nearby 1,500-square-foot home at 697 Northeast 68th Street.

Flixe Designs bought the property. It is led by Ruben and Gladys Matz.

Ruben Matz joined the Chariff Realty Group in 2012 and owns a multitude of commercial properties along Biscayne Boulevard.

The land where the florist shop sits was last sold for $175,000 in 1980, according to Miami-Dade County property records.

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