Cure-all? Miami doctor buys retail center near Kendall

The retail center's tenants include Basic Sound and Tint and Bahamas Fish Market

Miami /
Jun.June 27, 2019 06:00 PM
13353 Southwest 42nd (Credit: Realtor)

13353 Southwest 42nd (Credit: Realtor)

Coconut Grove real estate investor Ricardo Carozzi just sold Bird Road Plaza, a retail center near Kendall, for $5.1 million.

A company managed by the Carozzi family sold the 17,488-square-foot property at 13353 Southwest 42nd Street for $291 per square foot, records show. The buyer is KBD 95 LLC, which is managed by Dr. Keila Hoover, a family physician in Miami.

The property was built in 1987 and sits on a 58,040-square-foot lot. The retail center’s tenants include Basic Sound and Tint, a car stereo company; and Bahamas Fish Market.

The Carozzi family bought the property in 2002 for $2.6 million, records show.

Investor interest is growing in southwest Miami-Dade County in places like Kendall, as land prices are pushing people to buy houses in the suburbs.

In 2017, Carozzi bought a boutique condo development site at 1091 Galiano Street and 44 Santillane Avenue in Coral Gables for $2.55 million.


Related Articles

arrow_forward_ios
Northbridge Investment Management Chair Stuart Lazier and the shopping center at 16508-16514 Southwest 88th Street (Google Maps)
Northbridge sells Aldi-anchored shopping center in West Kendall for $22M
Northbridge sells Aldi-anchored shopping center in West Kendall for $22M
Jorge and Jon Paul Perez with a rendering of the project (Getty, Related Group)
Related wins approval for another Wynwood mixed-use multifamily project
Related wins approval for another Wynwood mixed-use multifamily project
Ryan Companies CEO Brian Murray and CFO Lisa Kro with 13241 Southwest 136th Street (Google Maps)
Ryan Cos. buys Kendall site, scores $28M construction loan for e-commerce warehouse
Ryan Cos. buys Kendall site, scores $28M construction loan for e-commerce warehouse
Baptist Health South Florida CEO Brian Keeley with The Altman Companies Seth Wise and Joel Altman and renderings of the project
Baptist submits plans for medical offices, Altman multifamily project in Kendall
Baptist submits plans for medical offices, Altman multifamily project in Kendall
Cobblestone Commons at 8767 Boynton Beach Boulevard (Google Maps)
Tricor Financial sells Winn-Dixie-anchored Cobblestone Commons near Boynton Beach for $38M
Tricor Financial sells Winn-Dixie-anchored Cobblestone Commons near Boynton Beach for $38M
9400 Southwest 130th Avenue and GL Homes President Misha Ezratti (LILA Photo via GL, Google Maps, iStock)
GL Homes partnering with Bacardi on Calusa golf course in Kendall
GL Homes partnering with Bacardi on Calusa golf course in Kendall
The Shoppes of Oakland Forest (Rich Commercial Group)
Shopping center in Oakland Park sells for $11M
Shopping center in Oakland Park sells for $11M
BridgeInvest's Alex Horn and Rieber Developments' Bernardo Rieber with a rendering of the project 
Rieber lands $15M loan for Aventura mixed-use project
Rieber lands $15M loan for Aventura mixed-use project
arrow_forward_ios

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

Loading...