Zumba founder to open fitness spot west of Brickell

Miami /
Sep.September 14, 2015 03:00 PM

UPDATE 09/15/2015: Michelle Gonzalez, the Realtor who represented Alberto Perez in the purchase, said the property will not become a Zumba studio. Perez is debating his options for the property, though nothing has been set in stone as of yet. He purchased the property through an LLC he controls.

Colombian fitness buff Alberto “Beto” Perez didn’t break a sweat with his purchase of a commercial property west of Brickell.

Perez, better known as the founder of the Zumba dance program, just picked up a 10,600-square-foot commercial building with plans to turn it into a fitness studio.

The property is a two-story building at 591 Southwest Eighth Street. It was built in 1955 on a 7,000-square-foot corner lot. Perez paid $1.95 million to acquire the property from West Brickell 8th Street Investors LLC, a company managed by Pascal and Elisa Nicolle. The two are also the owners of Villa Paradiso, a 1930’s-era hotel in South Beach.

The Nicolles paid $1.22 million for the commercial property in July 2014. That’s a $730,000 appreciation in price after roughly a year.

Vincent J. Pastore of Vincent Pastore & Associates was the property’s listing agent, while Michelle Gonzalez of Floridian First Realty represented the buyer. Pastore said in a news release that Perez plans to renovate the property into a “state of the art facility for all his members of Zumba in the Brickell area.”


Related Articles

arrow_forward_ios
1201 Brickell Bay Drive, Citadel's Ken Griffin and 830 Brickell office tower in Miami (Google Maps, OKO Group and Cain International, Illustration by Priyanka Modi for The Real Deal with Getty)
Mapping out Ken Griffin’s Miami shopping spree
Mapping out Ken Griffin’s Miami shopping spree
Ken Griffin and 1250 Brickell Bay Drive in Miami (Getty Images, Google Maps)
Ken Griffin’s Brickell takeover: Citadel adds to its properties with $20M purchase
Ken Griffin’s Brickell takeover: Citadel adds to its properties with $20M purchase
Rendering of 830 Brickell office tower; Cushman & Wakefield's Brian Gale, JLL's Manny De Zárraga, Avison Young's Donna Abood, Dwntwn Realty Advisors' Tony Arellano and Stephen Rutchik. (Credit: OKO Group and Cain International, JLL, CW, Dwntwn Realty Advisors, Cushman & Wakefield, Avison Young, Getty, 830 Brickell)
Meet the commercial brokers making bank in Miami
Meet the commercial brokers making bank in Miami
Ken Griffin in the center, with Brickell (right) and Palm Beach (below)
Ken Griffin’s Citadel comes to Brickell — and supercharges the market
Ken Griffin’s Citadel comes to Brickell — and supercharges the market
Ken Griffin with 830 Brickell (Getty, OKO Group and Cain International)
Ken Griffin’s Citadel leases at 830 Brickell office tower in Miami
Ken Griffin’s Citadel leases at 830 Brickell office tower in Miami
From left: MHCommercial Real Estate Fund II's Jordan Paul, Dung Lam and Neil Merin along with the Yamato Office Center in Boca Raton and the Bridge Point Powerline Road in Pompano Beach (NAI Global, LoopNet, Getty Images)
Lease roundup: FirstService leases in Boca, PlantLab in Pompano Beach
Lease roundup: FirstService leases in Boca, PlantLab in Pompano Beach
From left: Jorge Mas, Swire’s Kieran Bowers, David Beckham, and Stephen Ross
Beckham’s soccer stadium; Swire, Ross’ Brickell City Centre tower rezonings get preliminary commission OK
Beckham’s soccer stadium; Swire, Ross’ Brickell City Centre tower rezonings get preliminary commission OK
From left: One Flagler in West Palm Beach, 830 Brickell in Brickell, and Eighteen Sunset in Miami Beach (Getty, Related Southeast, LoopNet, Koniver Stern Group)
Spurred by new-to-market firms, South Florida office rents hit record highs
Spurred by new-to-market firms, South Florida office rents hit record highs
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...