NAI Miami Negotiates Sale Of Shoppes Of Old Cutler For $330 PSF

Jan 08, 2018 No Comments by

NAI Miami announced that the team of Jeremy Larkin and Joseph Gallaher recently negotiated the sale of The Shoppes of Old Cutler located at 20210-20236 Old Cutler Road in Cutler Bay.

The seller was Lider Net Mall, LLC and the new buyer is New Cutler Bay Shops, LLC.  The sale price was $4,875,000 or approximately $330 per square foot.

Shoppes of Old Cutler was originally developed by NAI Miami for Old Cutler, LLC in 2005 and was sold by the Larkin/Gallaher Team in 2012 for $3,500,000 to Lider Net Mall, LLC.

Since developing the shopping center, NAI Miami leased and managed the nearly 15,000-square-foot retail strip center, maintaining its occupancy levels close to 100% since it opened for business.

 

 

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Industry News, Miami-Dade County Retail, Retail
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